Sotherly Hotels Inc. (NASDAQ:SOHO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.

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. “

Several other analysts have also commented on the stock. TheStreet lowered shares of Sotherly Hotels from a “hold” rating to a “sell” rating in a research report on Wednesday. Sandler O’Neill started coverage on shares of Sotherly Hotels in a research report on Wednesday, September 28th. They issued a “hold” rating and a $6.00 price target on the stock. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Sotherly Hotels currently has an average rating of “Hold” and a consensus target price of $6.00.

Sotherly Hotels (NASDAQ:SOHO) opened at 5.00 on Friday. Sotherly Hotels has a 52 week low of $4.59 and a 52 week high of $6.70. The stock has a market cap of $74.75 million, a price-to-earnings ratio of 13.09 and a beta of 0.82. The company has a 50-day moving average price of $5.04 and a 200-day moving average price of $5.45.

Sotherly Hotels (NASDAQ:SOHO) last issued its earnings results on Tuesday, November 8th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Sotherly Hotels had a net margin of 0.18% and a return on equity of 0.52%. The company had revenue of $37.28 million for the quarter, compared to analyst estimates of $15.24 million. Equities research analysts anticipate that Sotherly Hotels will post $1.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 11th. Investors of record on Thursday, December 15th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend is Tuesday, December 13th.

Several institutional investors have recently made changes to their positions in SOHO. Uniplan Investment Counsel Inc. increased its position in shares of Sotherly Hotels by 0.9% in the third quarter. Uniplan Investment Counsel Inc. now owns 699,054 shares of the real estate investment trust’s stock valued at $3,691,000 after buying an additional 5,990 shares during the last quarter. Northern Trust Corp increased its position in shares of Sotherly Hotels by 1.5% in the third quarter. Northern Trust Corp now owns 33,340 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 480 shares during the last quarter. Boston Partners increased its position in shares of Sotherly Hotels by 5.7% in the third quarter. Boston Partners now owns 233,120 shares of the real estate investment trust’s stock valued at $1,226,000 after buying an additional 12,540 shares during the last quarter. First Allied Advisory Services Inc. increased 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 during the last quarter. Finally, Vanguard Group Inc. increased 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 during the last quarter. 29.75% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:SOHO

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