Sotherly Hotels Inc. (SOHO) Plans Quarterly Dividend of $0.11
Sotherly Hotels Inc. (NASDAQ:SOHO) declared a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.11 per share by the real estate investment trust on Thursday, January 11th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend is Thursday, December 14th.
Sotherly Hotels (NASDAQ:SOHO) opened at 5.89 on Thursday. Sotherly Hotels has a 12 month low of $4.65 and a 12 month high of $7.66. The firm’s market capitalization is $81.37 million. The firm has a 50 day moving average price of $5.93 and a 200-day moving average price of $6.27.
Sotherly Hotels (NASDAQ:SOHO) last released its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.39). The business had revenue of $40.64 million during the quarter, compared to analyst estimates of $42.50 million. Sotherly Hotels had a net margin of 1.59% and a return on equity of 3.02%. On average, equities analysts forecast that Sotherly Hotels will post $0.27 EPS for the current year.
A number of research firms have issued reports on SOHO. ValuEngine raised Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. TheStreet lowered Sotherly Hotels from a “c” rating to a “d+” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised Sotherly Hotels from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $8.00.
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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