Zacks Investment Research upgraded shares of SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) from a sell rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “SoTHERLY Hotels Inc. is a real estate investment trust. It is focused on the acquisition, renovation and upbranding and repositioning of upscale to upper upscale full-service hotels primarily in the Mid-Atlantic and Southern United States. The Company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY Hotels Inc., formerly known as MHI Hospitality Corporation, is headquartered in Williamsburg, Virginia. “

SOHO traded up $0.12 during midday trading on Wednesday, reaching $6.62. The company had a trading volume of 39,046 shares, compared to its average volume of 26,668. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 3.47. The business has a 50-day moving average of $6.70 and a two-hundred day moving average of $6.93. The company has a market cap of $92.44 million, a P/E ratio of 6.77 and a beta of 0.73. SOTHERLY HOTELS/SH SH has a 1 year low of $5.43 and a 1 year high of $7.69.

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.59). The company had revenue of $51.54 million during the quarter, compared to analysts’ expectations of $52.40 million. SOTHERLY HOTELS/SH SH had a negative return on equity of 3.21% and a negative net margin of 1.54%. On average, equities research analysts predict that SOTHERLY HOTELS/SH SH will post 1.04 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 13th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date was Thursday, September 12th. SOTHERLY HOTELS/SH SH’s payout ratio is 50.00%.

In related news, CEO Andrew Sims purchased 4,500 shares of SOTHERLY HOTELS/SH SH stock in a transaction on Monday, September 23rd. The stock was acquired at an average price of $25.90 per share, for a total transaction of $116,550.00. Following the completion of the transaction, the chief executive officer now directly owns 344,879 shares in the company, valued at approximately $8,932,366.10. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 36,976 shares of company stock valued at $250,722. Company insiders own 14.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SOHO. Cottage Street Advisors LLC grew its position in shares of SOTHERLY HOTELS/SH SH by 22.6% during the second quarter. Cottage Street Advisors LLC now owns 406,655 shares of the real estate investment trust’s stock worth $2,830,000 after purchasing an additional 74,964 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of SOTHERLY HOTELS/SH SH by 10.5% during the second quarter. Renaissance Technologies LLC now owns 599,734 shares of the real estate investment trust’s stock worth $4,174,000 after purchasing an additional 57,021 shares in the last quarter. Burney Co. purchased a new stake in shares of SOTHERLY HOTELS/SH SH during the first quarter worth about $109,000. Wiley BROS. Aintree Capital LLC grew its position in shares of SOTHERLY HOTELS/SH SH by 155.0% during the third quarter. Wiley BROS. Aintree Capital LLC now owns 25,500 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of SOTHERLY HOTELS/SH SH during the second quarter worth about $79,000. Hedge funds and other institutional investors own 30.06% of the company’s stock.

SOTHERLY HOTELS/SH SH 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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.

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