Sandler O’Neill assumed coverage on shares of Sotherly Hotels Inc. (NASDAQ:SOHO) in a report issued on Wednesday. The firm issued a hold rating and a $6.00 price objective on the real estate investment trust’s stock.
Separately, Zacks Investment Research upgraded shares of Sotherly Hotels from a hold rating to a buy rating and set a $5.75 target price on the stock in a report on Friday, June 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Sotherly Hotels currently has a consensus rating of Hold and a consensus price target of $6.00.
Sotherly Hotels (NASDAQ:SOHO) opened at 5.2788 on Wednesday. The company’s 50-day moving average price is $5.65 and its 200-day moving average price is $5.49. Sotherly Hotels has a 12-month low of $4.50 and a 12-month high of $6.94. The company has a market cap of $78.91 million, a PE ratio of 13.8188 and a beta of 0.73.
Sotherly Hotels (NASDAQ:SOHO) last released its earnings results on Tuesday, August 9th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.13. The firm earned $41.83 million during the quarter, compared to analyst estimates of $42.46 million. Sotherly Hotels had a net margin of 3.89% and a return on equity of 11.01%. Equities analysts anticipate that Sotherly Hotels will post $1.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.38 annualized dividend and a dividend yield of 7.20%. This is a positive change from Sotherly Hotels’s previous quarterly dividend of $0.09. Sotherly Hotels’s dividend payout ratio is currently 95.00%.
Several institutional investors have recently made changes to their positions in SOHO. Uniplan Investment Counsel Inc. raised its position in shares of Sotherly Hotels by 0.3% in the first quarter. Uniplan Investment Counsel Inc. now owns 645,697 shares of the real estate investment trust’s stock valued at $3,319,000 after buying an additional 2,176 shares in the last quarter. Boston Partners raised its position in shares of Sotherly Hotels by 1.8% in the second quarter. Boston Partners now owns 220,580 shares of the real estate investment trust’s stock valued at $1,244,000 after buying an additional 3,850 shares in the last quarter. First Allied Advisory Services Inc. raised its position in shares of Sotherly Hotels by 11.1% in the second quarter. First Allied Advisory Services Inc. now owns 97,184 shares of the real estate investment trust’s stock valued at $552,000 after buying an additional 9,721 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Sotherly Hotels by 5.2% in the second quarter. Vanguard Group Inc. now owns 497,627 shares of the real estate investment trust’s stock valued at $2,806,000 after buying an additional 24,668 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in shares of Sotherly Hotels during the second quarter valued at $605,000. Hedge funds and other institutional investors own 29.77% of the company’s stock.
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.
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