Sotherly Hotels (NASDAQ:SOHO) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Sotherly Hotels Inc. (NASDAQ:SOHO)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.53 and traded as high as $2.24. Sotherly Hotels shares last traded at $2.22, with a volume of 128,869 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SOHO. Weiss Ratings restated a “sell (d)” rating on shares of Sotherly Hotels in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Sotherly Hotels from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sotherly Hotels presently has a consensus rating of “Reduce”.

Sotherly Hotels Stock Down 0.4%

The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 8.73. The firm has a market capitalization of $45.49 million, a P/E ratio of -5.29 and a beta of 0.71. The stock’s 50-day simple moving average is $2.18 and its 200-day simple moving average is $1.53.

Sotherly Hotels (NASDAQ:SOHO) last released its earnings results on Friday, November 14th. The real estate investment trust reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.28). Sotherly Hotels had a negative net margin of 0.15% and a negative return on equity of 0.64%. The business had revenue of $38.01 million during the quarter, compared to the consensus estimate of $40.20 million. As a group, research analysts predict that Sotherly Hotels Inc. will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sotherly Hotels

Several institutional investors have recently added to or reduced their stakes in SOHO. Thompson Davis & CO. Inc. increased its holdings in Sotherly Hotels by 52.1% during the second quarter. Thompson Davis & CO. Inc. now owns 436,190 shares of the real estate investment trust’s stock worth $414,000 after buying an additional 149,489 shares during the last quarter. AlphaCore Capital LLC bought a new position in shares of Sotherly Hotels during the 4th quarter valued at approximately $677,000. Finally, Gamco Investors INC. ET AL increased its stake in shares of Sotherly Hotels by 2.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 857,800 shares of the real estate investment trust’s stock worth $815,000 after purchasing an additional 22,000 shares during the last quarter. Institutional investors own 27.54% of the company’s stock.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a publicly traded real estate investment trust that acquires, develops and operates select-service and midscale hotel properties in the United States. Its common shares trade on the NASDAQ under the symbol SOHO. The company focuses on branded, asset-light opportunities designed to generate stable cash flow and long-term value through strategic acquisitions and capital improvements.

The company’s portfolio comprises properties affiliated with leading national brands—such as Hilton Garden Inn, Hampton Inn, Holiday Inn Express and similar flags—located primarily in the southeastern and mid-Atlantic United States.