Zacks: Sotherly Hotels Inc. (SOHO) Receives Average Rating of “Hold” from Brokerages
Sotherly Hotels Inc. (NASDAQ:SOHO) has been assigned an average broker rating score of 2.67 (Hold) from the three analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.
Analysts have set a 12-month consensus target price of $5.50 for the company and are predicting that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sotherly Hotels an industry rank of 93 out of 265 based on the ratings given to related companies.
SOHO has been the topic of a number of recent research reports. Sandler O’Neill initiated coverage on Sotherly Hotels in a research note on Wednesday, September 28th. They issued a “hold” rating and a $6.00 target price on the stock. Zacks Investment Research downgraded Sotherly Hotels from a “buy” rating to a “hold” rating in a research note on Thursday, July 21st.
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Hedge funds have recently added to or reduced their stakes in the company. Uniplan Investment Counsel Inc. increased its stake in Sotherly Hotels by 0.3% in the first quarter. Uniplan Investment Counsel Inc. now owns 645,697 shares of the real estate investment trust’s stock valued at $3,319,000 after buying an additional 2,176 shares during the period. Boston Partners increased its stake in shares of Sotherly Hotels by 1.8% in the second quarter. Boston Partners now owns 220,580 shares of the real estate investment trust’s stock valued at $1,244,000 after buying an additional 3,850 shares during the last quarter. First Allied Advisory Services Inc. increased its stake in shares of Sotherly Hotels by 11.1% in the second quarter. First Allied Advisory Services Inc. now owns 97,184 shares of the real estate investment trust’s stock valued at $552,000 after buying an additional 9,721 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Sotherly Hotels by 5.2% in the second quarter. Vanguard Group Inc. now owns 497,627 shares of the real estate investment trust’s stock valued at $2,806,000 after buying an additional 24,668 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Sotherly Hotels during the second quarter valued at $605,000. Institutional investors own 29.77% of the company’s stock.
Shares of Sotherly Hotels (NASDAQ:SOHO) traded down 0.59% on Tuesday, hitting $5.02. The stock had a trading volume of 35,108 shares. The firm’s 50-day moving average is $5.52 and its 200 day moving average is $5.49. Sotherly Hotels has a 1-year low of $4.50 and a 1-year high of $6.73. The stock has a market cap of $75.04 million, a P/E ratio of 13.14 and a beta of 0.73.
Sotherly Hotels (NASDAQ:SOHO) last issued its earnings results on Tuesday, August 9th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by $0.13. Sotherly Hotels had a net margin of 3.89% and a return on equity of 11.01%. The firm earned $41.83 million during the quarter, compared to analysts’ expectations of $42.46 million. Equities analysts forecast that Sotherly Hotels will post $1.14 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 7.52%. The ex-dividend date of this dividend is Tuesday, September 13th. This is an increase from Sotherly Hotels’s previous quarterly dividend of $0.09. Sotherly Hotels’s dividend payout ratio is 95.00%.
About Sotherly Hotels
Sotherly Hotels Inc is a self-managed and self-administered lodging real estate investment trust. The Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company operates through the hotel ownership segment.
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