Sotherly Hotels (NASDAQ:SOHO) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

Separately, Zacks Investment Research downgraded shares of Sotherly Hotels from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 18th.

Sotherly Hotels (SOHO) opened at $6.10 on Friday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 2.78 and a current ratio of 2.78. Sotherly Hotels has a one year low of $5.57 and a one year high of $7.66. The stock has a market cap of $85.71, a P/E ratio of -609.39 and a beta of 0.71.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.35). Sotherly Hotels had a net margin of 2.01% and a return on equity of 3.98%. analysts predict that Sotherly Hotels will post 0.92 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Sotherly Hotels during the second quarter valued at approximately $192,000. Goldman Sachs Group Inc. boosted its stake in shares of Sotherly Hotels by 33.8% during the second quarter. Goldman Sachs Group Inc. now owns 41,898 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 10,580 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sotherly Hotels by 75.5% during the second quarter. JPMorgan Chase & Co. now owns 71,056 shares of the real estate investment trust’s stock valued at $482,000 after purchasing an additional 30,571 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sotherly Hotels by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 129,301 shares of the real estate investment trust’s stock valued at $877,000 after purchasing an additional 7,360 shares in the last quarter. Finally, Granahan Investment Management Inc. MA boosted its stake in shares of Sotherly Hotels by 35.4% during the third quarter. Granahan Investment Management Inc. MA now owns 198,949 shares of the real estate investment trust’s stock valued at $1,172,000 after purchasing an additional 51,989 shares in the last quarter. Hedge funds and other institutional investors own 29.47% of the company’s stock.

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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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