Sotherly Hotels Inc. (SOHO) Issues Quarterly Earnings Results
Sotherly Hotels Inc. (NASDAQ:SOHO) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.13, Bloomberg Earnings reports. Sotherly Hotels had a return on equity of 3.02% and a net margin of 1.59%.
Shares of Sotherly Hotels (NASDAQ:SOHO) traded up $0.10 on Tuesday, hitting $6.63. The stock had a trading volume of 191,226 shares, compared to its average volume of 46,487. Sotherly Hotels has a one year low of $4.65 and a one year high of $7.66. The company has a market cap of $90.07, a PE ratio of 6.36 and a beta of 0.71. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 4.20.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 15th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.64%. The ex-dividend date is Thursday, December 14th. Sotherly Hotels’s payout ratio is -4,400.00%.
TRADEMARK VIOLATION NOTICE: “Sotherly Hotels Inc. (SOHO) Issues Quarterly Earnings Results” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/07/sotherly-hotels-inc-soho-issues-quarterly-earnings-results.html.
A number of research analysts have recently commented on SOHO shares. ValuEngine cut Sotherly Hotels from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. TheStreet cut Sotherly Hotels from a “c” rating to a “d+” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research cut Sotherly Hotels from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Sotherly Hotels presently has a consensus rating of “Buy” and a consensus target price of $8.00.
About Sotherly Hotels
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.