Sotherly Hotels Inc. (NASDAQ:SOHO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “SoTHERLY Hotels Inc. is a real estate investment trust. It is focused on the acquisition, renovation and upbranding and repositioning of upscale to upper upscale full-service hotels primarily in the Mid-Atlantic and Southern United States. The Company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY Hotels Inc., formerly known as MHI Hospitality Corporation, is headquartered in Williamsburg, Virginia. “

Several other equities research analysts have also recently commented on the stock. ValuEngine raised shares of Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. TheStreet cut shares of Sotherly Hotels from a “c” rating to a “d+” rating in a research report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $8.00.

Sotherly Hotels (SOHO) traded up 0.34% during trading on Wednesday, hitting $5.97. 10,273 shares of the stock were exchanged. The stock has a 50 day moving average price of $5.96 and a 200-day moving average price of $6.30. The firm’s market capitalization is $82.48 million. Sotherly Hotels has a 12-month low of $4.65 and a 12-month high of $7.66.

Sotherly Hotels (NASDAQ:SOHO) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.39). The company had revenue of $40.64 million during the quarter, compared to the consensus estimate of $42.50 million. Sotherly Hotels had a net margin of 1.59% and a return on equity of 3.02%. On average, equities research analysts anticipate that Sotherly Hotels will post $0.27 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of SOHO. Stifel Financial Corp increased its stake in Sotherly Hotels by 2.5% in the 1st quarter. Stifel Financial Corp now owns 20,600 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 500 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Sotherly Hotels in the 2nd quarter valued at $192,000. Goldman Sachs Group Inc. increased its stake in Sotherly Hotels by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,318 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 17,337 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Sotherly Hotels by 93.2% in the 1st quarter. JPMorgan Chase & Co. now owns 40,485 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 19,531 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Sotherly Hotels by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 121,941 shares of the real estate investment trust’s stock valued at $780,000 after buying an additional 10,173 shares during the last quarter. Hedge funds and other institutional investors own 26.49% of the company’s stock.

Sotherly Hotels Company Profile

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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