Sotherly Hotels (SOHO) Posts Quarterly Earnings, Misses Estimates By $0.01 EPS
Sotherly Hotels (NASDAQ:SOHO) posted its quarterly earnings results on Tuesday. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.01, American Banking News.com reports. The company had revenue of $36.34 million for the quarter, compared to the consensus estimate of $36.00 million.
Sotherly Hotels (NASDAQ:SOHO) opened at 7.7703 on Tuesday. Sotherly Hotels has a one year low of $4.11 and a one year high of $8.13. The stock has a 50-day moving average of $7.71 and a 200-day moving average of $6.86. The company’s market cap is $80.4 million.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Tuesday, September 30th. This is an increase from Sotherly Hotels’s previous quarterly dividend of $0.05.
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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