Sotherly Hotels (SOHO) Releases Quarterly Earnings, Misses Estimates By $0.02 EPS
Sotherly Hotels (NASDAQ:SOHO) released its earnings data on Tuesday. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.02, Analyst Ratings News reports. The company had revenue of $22.48 million for the quarter, compared to the consensus estimate of $22.00 million.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 11th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, March 12th.
SoTHERLY Hotels Inc, formerly MHI Hospitality Corporation, is a self-managed and self-administered real estate investment trust (NASDAQ:SOHO) that was formed to own, acquire, renovate and reposition primary full-service upper upscale and upscale hotel properties located in primary markets in the Mid-Atlantic and Southern United States.
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