Sotherly Hotels Inc. (SOHO) Scheduled to Post Quarterly Earnings on Tuesday
Sotherly Hotels Inc. (NASDAQ:SOHO) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect Sotherly Hotels to post earnings of $0.04 per share for the quarter.
Sotherly Hotels (NASDAQ:SOHO) last issued its quarterly earnings data 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 return on equity of 3.02% and a net margin of 1.59%. The firm had revenue of $40.64 million during the quarter, compared to the consensus estimate of $42.50 million. On average, analysts expect Sotherly Hotels to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Sotherly Hotels Inc. (NASDAQ:SOHO) opened at $5.98 on Friday. Sotherly Hotels Inc. has a 52-week low of $4.65 and a 52-week high of $7.66. The company has a debt-to-equity ratio of 4.20, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a market cap of $82.61, a PE ratio of 6.36 and a beta of 0.71.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 15th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date of this dividend is Thursday, December 14th. Sotherly Hotels’s payout ratio is -4,400.00%.
A number of equities research analysts have issued reports on the stock. ValuEngine downgraded shares of Sotherly Hotels from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. TheStreet downgraded shares of Sotherly Hotels from a “c” rating to a “d+” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of Sotherly Hotels from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Sotherly Hotels currently has an average rating of “Buy” and an average price target of $8.00.
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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