SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) insider David R. Folsom sold 8,517 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $7.60, for a total value of $64,729.20. Following the completion of the sale, the insider now owns 261,674 shares of the company’s stock, valued at $1,988,722.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of NASDAQ SOHO traded down $0.15 during trading on Friday, reaching $7.19. The stock had a trading volume of 39,508 shares, compared to its average volume of 30,225. SOTHERLY HOTELS/SH SH has a one year low of $5.43 and a one year high of $7.69. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 4.93. The company has a market capitalization of $104.39 million, a price-to-earnings ratio of 6.91 and a beta of 0.80.
SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last issued its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.36). The company had revenue of $47.39 million for the quarter, compared to the consensus estimate of $45.50 million. SOTHERLY HOTELS/SH SH had a negative return on equity of 1.50% and a negative net margin of 0.70%. As a group, equities analysts predict that SOTHERLY HOTELS/SH SH will post 1.06 earnings per share for the current year.
Separately, Zacks Investment Research upgraded SOTHERLY HOTELS/SH SH from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st.
A number of institutional investors and hedge funds have recently modified their holdings of SOHO. Wedge Capital Management L L P NC bought a new position in SOTHERLY HOTELS/SH SH during the 1st quarter worth $434,000. Wiley BROS. Aintree Capital LLC bought a new position in SOTHERLY HOTELS/SH SH during the 4th quarter worth $171,000. Ladenburg Thalmann Financial Services Inc. grew its stake in SOTHERLY HOTELS/SH SH by 33.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 99,733 shares of the real estate investment trust’s stock worth $679,000 after buying an additional 24,732 shares during the last quarter. Vanguard Group Inc. grew its stake in SOTHERLY HOTELS/SH SH by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 607,185 shares of the real estate investment trust’s stock worth $4,372,000 after buying an additional 16,155 shares during the last quarter. Finally, Burney Co. bought a new position in SOTHERLY HOTELS/SH SH during the 1st quarter worth $109,000. Hedge funds and other institutional investors own 29.18% of the company’s stock.
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About SOTHERLY HOTELS/SH SH
Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.
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