Uniplan Investment Counsel Inc. Has $4.12 Million Position in Sotherly Hotels Inc. (SOHO)
Uniplan Investment Counsel Inc. lessened its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 607,524 shares of the real estate investment trust’s stock after selling 32,486 shares during the period. Uniplan Investment Counsel Inc. owned approximately 4.40% of Sotherly Hotels worth $4,119,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SOHO. Acadian Asset Management LLC acquired a new stake in shares of Sotherly Hotels in the 1st quarter worth about $114,000. LSV Asset Management increased its stake in Sotherly Hotels by 10.1% during the 1st quarter. LSV Asset Management now owns 244,690 shares of the real estate investment trust’s stock valued at $1,566,000 after buying an additional 22,350 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Sotherly Hotels during the 1st quarter valued at about $709,000. JPMorgan Chase & Co. increased its stake in Sotherly Hotels by 93.2% during the 1st quarter. JPMorgan Chase & Co. now owns 40,485 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 19,531 shares during the period. Finally, Stifel Financial Corp increased its stake in Sotherly Hotels by 2.5% during the 1st quarter. Stifel Financial Corp now owns 20,600 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 500 shares during the period. 26.49% of the stock is currently owned by institutional investors and hedge funds.
Sotherly Hotels Inc. (NASDAQ SOHO) opened at 5.9682 on Wednesday. The firm’s market cap is $82.45 million. The firm’s 50-day moving average is $6.22 and its 200 day moving average is $6.42. Sotherly Hotels Inc. has a 1-year low of $4.65 and a 1-year high of $7.66.
Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.39). Sotherly Hotels had a net margin of 1.59% and a return on equity of 3.02%. The business had revenue of $40.64 million during the quarter, compared to the consensus estimate of $42.50 million. On average, equities analysts forecast that Sotherly Hotels Inc. will post $0.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.35%. This is a boost from Sotherly Hotels’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, September 14th. Sotherly Hotels’s payout ratio is currently -4,195.80%.
SOHO has been the topic of several research analyst reports. ValuEngine raised shares of Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 26th. Zacks Investment Research cut shares of Sotherly Hotels from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, TheStreet cut shares of Sotherly Hotels from a “c” rating to a “d+” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $7.00.
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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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