Shares of Sotherly Hotels Inc. (NASDAQ:SOHO) have received an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $7.00.

A number of equities analysts have recently weighed in on SOHO shares. ValuEngine lowered Sotherly Hotels from a “strong-buy” rating to a “buy” rating in a research report on Thursday. TheStreet upgraded Sotherly Hotels from a “d+” rating to a “c” rating in a report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th.

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Hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. bought a new stake in shares of Sotherly Hotels during the first quarter worth about $709,000. Renaissance Technologies LLC boosted its stake in shares of Sotherly Hotels by 66.7% in the fourth quarter. Renaissance Technologies LLC now owns 190,000 shares of the real estate investment trust’s stock worth $1,290,000 after buying an additional 76,022 shares during the period. LSV Asset Management boosted its stake in shares of Sotherly Hotels by 10.1% in the first quarter. LSV Asset Management now owns 244,690 shares of the real estate investment trust’s stock worth $1,566,000 after buying an additional 22,350 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Sotherly Hotels by 93.2% in the first quarter. JPMorgan Chase & Co. now owns 40,485 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 19,531 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Sotherly Hotels during the first quarter worth about $114,000. 27.44% of the stock is currently owned by institutional investors and hedge funds.

Sotherly Hotels (SOHO) traded up 0.62% during midday trading on Monday, hitting $6.47. 40,186 shares of the stock traded hands. The stock has a market capitalization of $89.27 million, a PE ratio of 82.95 and a beta of 0.78. Sotherly Hotels has a 12-month low of $4.65 and a 12-month high of $7.66. The firm’s 50 day moving average is $6.61 and its 200-day moving average is $6.65.

Sotherly Hotels (NASDAQ:SOHO) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.13. Sotherly Hotels had a net margin of 2.02% and a return on equity of 4.16%. The company had revenue of $38.70 million during the quarter, compared to the consensus estimate of $38.60 million. On average, analysts anticipate that Sotherly Hotels will post $0.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Thursday, June 15th were paid a dividend of $0.105 per share. This is an increase from Sotherly Hotels’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.42 annualized dividend and a dividend yield of 6.49%. Sotherly Hotels’s dividend payout ratio is presently 466.72%.

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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