SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) Raised to “Hold” at Zacks Investment Research

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “SoTHERLY Hotels Inc. is a real estate investment trust. It is focused on the acquisition, renovation and upbranding and repositioning of upscale to upper upscale full-service hotels primarily in the Mid-Atlantic and Southern United States. The Company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY Hotels Inc., formerly known as MHI Hospitality Corporation, is headquartered in Williamsburg, Virginia. “

Shares of NASDAQ SOHO traded up $0.16 during trading on Wednesday, hitting $6.54. 815 shares of the company were exchanged, compared to its average volume of 35,323. The company has a market cap of $93.14 million, a price-to-earnings ratio of 6.30 and a beta of 0.73. SOTHERLY HOTELS/SH SH has a 1 year low of $5.43 and a 1 year high of $7.69. The firm’s fifty day moving average price is $6.71 and its 200 day moving average price is $6.93. The company has a debt-to-equity ratio of 3.47, a current ratio of 2.27 and a quick ratio of 2.27.

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.54 by ($0.59). The company had revenue of $51.54 million for the quarter, compared to analysts’ expectations of $52.40 million. SOTHERLY HOTELS/SH SH had a negative return on equity of 3.21% and a negative net margin of 1.54%. On average, research analysts forecast that SOTHERLY HOTELS/SH SH will post 1.04 earnings per share for the current year.

In other news, CEO Andrew Sims purchased 4,500 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was acquired at an average price of $25.90 per share, with a total value of $116,550.00. Following the purchase, the chief executive officer now directly owns 344,879 shares of the company’s stock, valued at approximately $8,932,366.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 36,976 shares of company stock valued at $250,722 in the last ninety days. Corporate insiders own 14.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV raised its stake in shares of SOTHERLY HOTELS/SH SH by 214.9% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 4,342 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 2,963 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of SOTHERLY HOTELS/SH SH during the 2nd quarter worth $79,000. Burney Co. acquired a new position in shares of SOTHERLY HOTELS/SH SH during the 1st quarter worth $109,000. Morgan Stanley raised its stake in shares of SOTHERLY HOTELS/SH SH by 30.0% during the 2nd quarter. Morgan Stanley now owns 22,813 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 5,270 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC raised its stake in shares of SOTHERLY HOTELS/SH SH by 155.0% during the 3rd quarter. Wiley BROS. Aintree Capital LLC now owns 25,500 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 15,500 shares during the last quarter. 30.06% of the stock is owned by institutional investors and hedge funds.

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.

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