Sotherly Hotels Inc. (NASDAQ:SOHO) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.39, MarketWatch Earnings reports. Sotherly Hotels had a return on equity of 4.16% and a net margin of 2.02%.

Sotherly Hotels (SOHO) traded down 2.05% during midday trading on Wednesday, reaching $6.21. The company’s stock had a trading volume of 16,295 shares. The firm has a market cap of $85.69 million, a price-to-earnings ratio of 79.62 and a beta of 0.77. The company’s 50-day moving average is $6.59 and its 200 day moving average is $6.62. Sotherly Hotels has a 12-month low of $4.65 and a 12-month high of $7.66.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Friday, September 15th will be issued a $0.11 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.44 annualized dividend and a yield of 6.94%. This is a boost from Sotherly Hotels’s previous quarterly dividend of $0.11. Sotherly Hotels’s dividend payout ratio (DPR) is 466.72%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new position in Sotherly Hotels during the first quarter worth approximately $114,000. Stifel Financial Corp boosted its position in Sotherly Hotels by 2.5% in the first quarter. Stifel Financial Corp now owns 20,600 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 500 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Sotherly Hotels during the second quarter worth approximately $192,000. Goldman Sachs Group Inc. boosted its position in Sotherly Hotels by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 31,318 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 17,337 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Sotherly Hotels by 93.2% in the first quarter. JPMorgan Chase & Co. now owns 40,485 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 19,531 shares in the last quarter. 27.31% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on SOHO. ValuEngine upgraded Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 26th. TheStreet upgraded Sotherly Hotels from a “d+” rating to a “c” rating in a report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded Sotherly Hotels from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Sotherly Hotels presently has a consensus rating of “Hold” and a consensus price target of $7.00.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a self-managed and self-administered lodging real estate investment trust. The Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company operates through the hotel ownership segment.

Earnings History for Sotherly Hotels (NASDAQ:SOHO)

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