Sotherly Hotels (NASDAQ:SOHO) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report released on Thursday. The firm issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Trading Up 1.4%

Sotherly Hotels stock opened at $0.80 on Thursday. The company has a market cap of $16.18 million, a price-to-earnings ratio of -2.44 and a beta of 0.89. The firm has a 50-day moving average of $0.73 and a 200-day moving average of $0.87. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51. Sotherly Hotels has a one year low of $0.59 and a one year high of $1.54.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings data on Tuesday, May 13th. The real estate investment trust reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Sotherly Hotels had a net margin of 0.92% and a return on equity of 3.48%. The company had revenue of $48.31 million for the quarter, compared to analyst estimates of $47.40 million. On average, equities analysts expect that Sotherly Hotels will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sotherly Hotels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. acquired a new stake in Sotherly Hotels during the fourth quarter worth about $33,000. Gator Capital Management LLC lifted its holdings in shares of Sotherly Hotels by 4.8% during the 4th quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after acquiring an additional 45,383 shares during the period. Thompson Davis & CO. Inc. lifted its holdings in shares of Sotherly Hotels by 21.7% during the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 57,666 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Sotherly Hotels by 34.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after acquiring an additional 161,829 shares in the last quarter. Finally, Repertoire Partners LP acquired a new stake in shares of Sotherly Hotels during the 4th quarter worth approximately $442,000. 27.54% of the stock is owned by institutional investors and hedge funds.

Sotherly Hotels Company Profile

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. Sotherly may also opportunistically acquire hotels throughout the United States.