Sotherly Hotels (NASDAQ:SOHO) Stock Passes Above 50-Day Moving Average – Should You Sell?

Shares of Sotherly Hotels Inc. (NASDAQ:SOHO) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.17 and traded as high as $2.24. Sotherly Hotels shares last traded at $2.24, with a volume of 159,655 shares.

Analysts Set New Price Targets

A number of brokerages have commented on SOHO. Zacks Research upgraded Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings restated a “sell (d)” rating on shares of Sotherly Hotels in a research note on Thursday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Sotherly Hotels Trading Up 0.9%

The stock has a market cap of $45.90 million, a P/E ratio of -5.33 and a beta of 0.70. The company has a debt-to-equity ratio of 8.73, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50 day simple moving average is $2.17 and its 200 day simple moving average is $1.45.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings data on Friday, November 14th. The real estate investment trust reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.28). Sotherly Hotels had a negative net margin of 0.15% and a negative return on equity of 0.64%. The company had revenue of $38.01 million during the quarter, compared to the consensus estimate of $40.20 million. On average, analysts expect that Sotherly Hotels Inc. will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sotherly Hotels stock. Thompson Davis & CO. Inc. raised its stake in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 52.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 436,190 shares of the real estate investment trust’s stock after acquiring an additional 149,489 shares during the quarter. Thompson Davis & CO. Inc. owned approximately 2.13% of Sotherly Hotels worth $414,000 as of its most recent filing with the SEC. Institutional investors own 27.54% of the company’s stock.

About Sotherly Hotels

Sotherly Hotels Inc is a publicly traded real estate investment trust that acquires, develops and operates select-service and midscale hotel properties in the United States. Its common shares trade on the NASDAQ under the symbol SOHO. The company focuses on branded, asset-light opportunities designed to generate stable cash flow and long-term value through strategic acquisitions and capital improvements.

The company’s portfolio comprises properties affiliated with leading national brands—such as Hilton Garden Inn, Hampton Inn, Holiday Inn Express and similar flags—located primarily in the southeastern and mid-Atlantic United States.