StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Free Report) in a research note published on Friday morning. The firm issued a hold rating on the real estate investment trust’s stock.
Sotherly Hotels Trading Up 2.2 %
Shares of NASDAQ SOHO opened at $0.81 on Friday. The business’s 50 day moving average is $0.93 and its 200-day moving average is $1.12. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16. Sotherly Hotels has a 1-year low of $0.78 and a 1-year high of $1.54.
Sotherly Hotels (NASDAQ:SOHO – Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported ($0.29) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.30). The firm had revenue of $40.70 million for the quarter, compared to the consensus estimate of $42.00 million. Sotherly Hotels had a return on equity of 3.48% and a net margin of 0.92%. Analysts expect that Sotherly Hotels will post 0.55 EPS for the current fiscal year.
Sotherly Hotels Company Profile
Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.
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