Sotherly Hotels (SOHO) Downgraded by ValuEngine

Sotherly Hotels (NASDAQ:SOHO) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Separately, Zacks Investment Research raised Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 6th.

Shares of Sotherly Hotels (NASDAQ SOHO) traded down $0.09 during midday trading on Friday, reaching $6.11. The company’s stock had a trading volume of 55,543 shares, compared to its average volume of 31,449. Sotherly Hotels has a 12-month low of $5.57 and a 12-month high of $7.66. The firm has a market cap of $84.46, a price-to-earnings ratio of -611.00 and a beta of 0.71. The company has a debt-to-equity ratio of 4.46, a current ratio of 2.78 and a quick ratio of 2.78.

Sotherly Hotels (NASDAQ:SOHO) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.35). Sotherly Hotels had a return on equity of 3.98% and a net margin of 2.01%. equities research analysts forecast that Sotherly Hotels will post 0.92 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of SOHO. Bank of New York Mellon Corp purchased a new stake in shares of Sotherly Hotels during the 2nd quarter worth about $192,000. Goldman Sachs Group Inc. raised its stake in shares of Sotherly Hotels by 33.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 41,898 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 10,580 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sotherly Hotels by 75.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 71,056 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 30,571 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sotherly Hotels by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 129,301 shares of the real estate investment trust’s stock worth $877,000 after purchasing an additional 7,360 shares in the last quarter. Finally, Granahan Investment Management Inc. MA raised its stake in shares of Sotherly Hotels by 35.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 198,949 shares of the real estate investment trust’s stock worth $1,172,000 after purchasing an additional 51,989 shares in the last quarter. 29.47% of the stock is owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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