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, as well as interests in two condominium hotels and their associated rental programs. The Company owns hotels that operate under the Hilton Worldwide, Hyatt Hotels Corporation, and Marriott International, Inc. brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia.
Wall Street Analysts Forecast Growth
SOHO has been the subject of several research analyst reports. StockNews.com initiated coverage on Sotherly Hotels in a research report on Monday, August 1st. They issued a "hold" rating for the company. Piper Sandler dropped their price target on Sotherly Hotels to $2.00 in a research report on Monday, July 4th.
Sotherly Hotels Trading Up 0.5 %
Shares of SOHO Stock opened at $2.15 on Friday. Sotherly Hotels has a fifty-two week low of $1.48 and a fifty-two week high of $2.91. The stock has a market cap of $38.96 million, a P/E ratio of -1.31 and a beta of 1.68. The business has a fifty day simple moving average of $1.87 and a 200-day simple moving average of $2.01. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 22.74.
Sotherly Hotels (NASDAQ:SOHO - Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The real estate investment trust reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). Sotherly Hotels had a negative net margin of 13.95% and a negative return on equity of 78.88%. During the same period last year, the business posted ($0.33) EPS. On average, analysts forecast that Sotherly Hotels will post 0.4 earnings per share for the current fiscal year.