Sotherly Hotels (SOHO) Earning Somewhat Favorable News Coverage, Report Finds
Media stories about Sotherly Hotels (NASDAQ:SOHO) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sotherly Hotels earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.7934730699295 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Sotherly Hotels (NASDAQ SOHO) traded up 0.50% during mid-day trading on Friday, reaching $6.03. The company’s stock had a trading volume of 5,720 shares. Sotherly Hotels has a 52 week low of $4.65 and a 52 week high of $7.66. The firm has a 50-day moving average of $6.37 and a 200-day moving average of $6.52. The stock’s market capitalization is $83.30 million.
Sotherly Hotels (NASDAQ:SOHO) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.41 by $0.39. The company had revenue of $40.64 million during the quarter, compared to the consensus estimate of $42.50 million. Sotherly Hotels had a net margin of 1.59% and a return on equity of 3.02%. On average, equities research analysts expect that Sotherly Hotels will post $0.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 15th will be given a $0.11 dividend. This is a boost from Sotherly Hotels’s previous quarterly dividend of $0.11. This represents a $0.44 annualized dividend and a yield of 7.30%. The ex-dividend date of this dividend is Thursday, September 14th. Sotherly Hotels’s payout ratio is currently -4,195.80%.
A number of research analysts recently issued reports on SOHO shares. Zacks Investment Research upgraded Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 10th. TheStreet upgraded Sotherly Hotels from a “d+” rating to a “c” rating in a research note on Wednesday, May 10th. Finally, ValuEngine raised Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.00.
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.
Receive News & Stock Ratings for Sotherly Hotels Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sotherly Hotels Inc. and related stocks with our FREE daily email newsletter.