SOTHERLY HOTELS/SH SH (SOHO) Announces $0.13 Quarterly Dividend

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.

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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.

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