Sotherly Hotels (NASDAQ:SOHO) Issues FY 2024 Earnings Guidance

Sotherly Hotels (NASDAQ:SOHO) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.650-0.680 for the period. The company issued revenue guidance of $177.8 million-$180.1 million.

Sotherly Hotels Price Performance

NASDAQ SOHO remained flat at $1.06 during mid-day trading on Thursday. The company had a trading volume of 2,095 shares, compared to its average volume of 51,325. The company has a market capitalization of $21.04 million, a PE ratio of -3.21 and a beta of 1.66. The stock’s fifty day moving average is $1.23 and its 200 day moving average is $1.26. Sotherly Hotels has a 1 year low of $1.05 and a 1 year high of $1.67. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.81 and a quick ratio of 1.81.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SOHO shares. Piper Sandler decreased their price objective on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Tuesday, September 3rd. StockNews.com assumed coverage on Sotherly Hotels in a report on Tuesday. They set a “hold” rating on the stock.

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.