Sotherly Hotels Inc. (SOHO) CEO Acquires $50,000.00 in Stock
Sotherly Hotels Inc. (NASDAQ:SOHO) CEO Andrew Sims acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average cost of $5.00 per share, for a total transaction of $50,000.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Sotherly Hotels Inc. (NASDAQ:SOHO) opened at 5.22 on Thursday. Sotherly Hotels Inc. has a 52 week low of $4.59 and a 52 week high of $6.70.
Sotherly Hotels (NASDAQ:SOHO) last issued its quarterly earnings results on Tuesday, November 8th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $37.28 million for the quarter, compared to the consensus estimate of $15.24 million. Sotherly Hotels had a net margin of 0.18% and a return on equity of 0.52%. On average, equities analysts forecast that Sotherly Hotels Inc. will post $1.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Thursday, December 15th will be issued a dividend of $0.095 per share. The ex-dividend date is Tuesday, December 13th. This represents a $0.38 annualized dividend and a dividend yield of 7.28%.
SOHO has been the topic of a number of research analyst reports. TheStreet downgraded shares of Sotherly Hotels from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. Zacks Investment Research downgraded shares of Sotherly Hotels from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. Finally, Sandler O’Neill initiated coverage on shares of Sotherly Hotels in a 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 given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $6.00.
Several large investors have recently added to or reduced their stakes in SOHO. Emerald Acquisition Ltd. acquired a new stake in Sotherly Hotels during the second quarter worth approximately $605,000. Uniplan Investment Counsel Inc. boosted its position in shares of Sotherly Hotels by 7.3% in the second quarter. Uniplan Investment Counsel Inc. now owns 693,064 shares of the real estate investment trust’s stock valued at $3,909,000 after buying an additional 47,367 shares in the last quarter. Vanguard Group Inc. boosted 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. Blue Clay Capital Management LLC boosted its position in shares of Sotherly Hotels by 11.1% in the third quarter. Blue Clay Capital Management LLC now owns 190,702 shares of the real estate investment trust’s stock valued at $1,007,000 after buying an additional 19,050 shares in the last quarter. Finally, Boston Partners boosted 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 in the last quarter. Hedge funds and other institutional investors own 27.30% 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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