StockNews.com Begins Coverage on Sotherly Hotels (NASDAQ:SOHO)

StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report released on Thursday. The firm issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

Shares of NASDAQ:SOHO opened at $0.85 on Thursday. The firm’s 50 day simple moving average is $0.95 and its 200-day simple moving average is $1.13. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. Sotherly Hotels has a one year low of $0.81 and a one year high of $1.54. The firm has a market cap of $16.93 million, a PE ratio of -2.59 and a beta of 1.55.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported ($0.29) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.30). Sotherly Hotels had a return on equity of 3.48% and a net margin of 0.92%. The firm had revenue of $40.70 million for the quarter, compared to analysts’ expectations of $42.00 million. As a group, equities analysts predict that Sotherly Hotels will post 0.55 EPS for the current year.

About Sotherly Hotels

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.