Sotherly Hotels (SOHO) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sotherly Hotels in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SOHO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SOHO, but not buy additional shares or sell existing shares.
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1 analysts have issued twelve-month price objectives for Sotherly Hotels' stock. Their SOHO share price forecasts range from $2.25 to $2.25. On average, they expect the company's share price to reach $2.25 in the next year. This suggests a possible upside of 30.1% from the stock's current price.
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Sotherly Hotels' stock was trading at $1.81 at the beginning of 2023. Since then, SOHO stock has decreased by 4.4% and is now trading at $1.73.
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Sotherly Hotels saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 151,300 shares, an increase of 46.9% from the August 15th total of 103,000 shares. Based on an average trading volume of 68,600 shares, the days-to-cover ratio is presently 2.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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Sotherly Hotels Inc. (NASDAQ:SOHO) released its quarterly earnings data on Thursday, August, 10th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.24. The real estate investment trust earned $49.02 million during the quarter, compared to the consensus estimate of $50 million. Sotherly Hotels had a net margin of 7.89% and a trailing twelve-month return on equity of 27.16%. During the same period in the previous year, the firm earned $0.33 earnings per share.

Sotherly Hotels issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of $0.03-$0.04 for the period. The company issued revenue guidance of $39.10 million-$41.04 million, compared to the consensus revenue estimate of $40.60 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sotherly Hotels investors own include AT&T (T), Cisco Systems (CSCO), Intel (INTC), Pfizer (PFE), Exxon Mobil (XOM), Energy Transfer (ET), Johnson & Johnson (JNJ), Verizon Communications (VZ), Arbor Realty Trust (ABR) and Medical Properties Trust (MPW).

Sotherly Hotels trades on the NASDAQ under the ticker symbol "SOHO."

Sotherly Hotels' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Thompson Davis & CO. Inc. (7.42%), Gator Capital Management LLC (4.94%), Geode Capital Management LLC (0.65%), Renaissance Technologies LLC (0.63%), BlackRock Inc. (0.22%) and J.W. Cole Advisors Inc. (0.21%). Insiders that own company stock include Andrew Sims and David R Folsom.
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Shares of SOHO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SOHO stock can currently be purchased for approximately $1.73.

Sotherly Hotels (NASDAQ:SOHO) has a market capitalization of $34.08 million and generates $166.08 million in revenue each year. The real estate investment trust earns $32.54 million in net income (profit) each year or $0.30 on an earnings per share basis.

Sotherly Hotels' mailing address is 306 SOUTH HENRY STREET SUITE 100, WILLIAMSBURG VA, 23185. The official website for the company is www.sotherlyhotels.com. The real estate investment trust can be reached via phone at (757) 229-5648, via email at macksims@sotherlyhotels.com, or via fax at 757-564-8801.