SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) announced a quarterly dividend on Monday, October 29th, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.125 per share by the real estate investment trust on Friday, January 11th. This represents a $0.50 annualized dividend and a dividend yield of 7.36%. The ex-dividend date is Thursday, December 13th.
SOTHERLY HOTELS/SH SH has raised its dividend payment by an average of 26.0% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. SOTHERLY HOTELS/SH SH has a dividend payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect SOTHERLY HOTELS/SH SH to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 45.5%.
Shares of SOHO stock opened at $6.79 on Friday. The stock has a market capitalization of $96.48 million, a PE ratio of 6.79 and a beta of 0.56. The company has a debt-to-equity ratio of 4.41, a current ratio of 2.90 and a quick ratio of 2.90. SOTHERLY HOTELS/SH SH has a one year low of $5.90 and a one year high of $7.62.
SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last announced its earnings results on Tuesday, November 6th. The real estate investment trust reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.24). The firm had revenue of $41.42 million during the quarter, compared to analysts’ expectations of $39.40 million. SOTHERLY HOTELS/SH SH had a negative net margin of 0.09% and a negative return on equity of 0.18%. On average, equities research analysts anticipate that SOTHERLY HOTELS/SH SH will post 1.04 earnings per share for the current fiscal year.
SOHO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of SOTHERLY HOTELS/SH SH from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Wednesday, October 24th. ValuEngine upgraded shares of SOTHERLY HOTELS/SH SH from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Finally, TheStreet downgraded shares of SOTHERLY HOTELS/SH SH from a “c” rating to a “d+” rating in a report on Friday, November 30th.
COPYRIGHT VIOLATION NOTICE: “SOTHERLY HOTELS/SH SH (SOHO) Announces $0.13 Quarterly Dividend” was first published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2018/12/08/sotherly-hotels-sh-sh-soho-announces-0-13-quarterly-dividend.html.
About SOTHERLY HOTELS/SH SH
Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.
Read More: S&P 500 Index
Receive News & Ratings for SOTHERLY HOTELS/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOTHERLY HOTELS/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.