Uniplan Investment Counsel Inc. raised its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 642,826 shares of the real estate investment trust’s stock after acquiring an additional 35,302 shares during the period. Uniplan Investment Counsel Inc. owned approximately 4.65% of Sotherly Hotels worth $3,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. lifted its stake in shares of Sotherly Hotels by 55.0% during the third quarter. Hillsdale Investment Management Inc. now owns 202,792 shares of the real estate investment trust’s stock worth $1,194,000 after buying an additional 71,917 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Sotherly Hotels by 75.5% during the second quarter. JPMorgan Chase & Co. now owns 71,056 shares of the real estate investment trust’s stock worth $482,000 after buying an additional 30,571 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Sotherly Hotels during the second quarter worth $192,000. Goldman Sachs Group Inc. lifted its stake in shares of Sotherly Hotels by 124.0% during 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 during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Sotherly Hotels by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 121,941 shares of the real estate investment trust’s stock worth $780,000 after buying an additional 10,173 shares during the period. Institutional investors own 29.39% of the company’s stock.

Shares of Sotherly Hotels Inc. (SOHO) opened at $6.81 on Friday. Sotherly Hotels Inc. has a one year low of $5.57 and a one year high of $7.66. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 4.46. The company has a market cap of $93.45, a price-to-earnings ratio of 7.60 and a beta of 0.73.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.44 annualized dividend and a dividend yield of 6.46%. Sotherly Hotels’s payout ratio is currently -4,395.60%.

Several equities research analysts have recently commented on SOHO shares. Zacks Investment Research downgraded shares of Sotherly Hotels from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. ValuEngine upgraded shares of Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th.

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Sotherly Hotels 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.

Institutional Ownership by Quarter for Sotherly Hotels (NASDAQ:SOHO)

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