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

Sotherly Hotels (NASDAQ:SOHO) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.640-0.690 for the period, compared to the consensus earnings per share estimate of 0.660. The company issued revenue guidance of $179.0 million-$182.6 million, compared to the consensus revenue estimate of $182.5 million.

Sotherly Hotels Trading Up 1.4 %

Shares of SOHO stock opened at $1.43 on Thursday. Sotherly Hotels has a 1 year low of $1.13 and a 1 year high of $2.50. The firm has a fifty day moving average price of $1.36 and a 200-day moving average price of $1.44. The company has a market cap of $28.38 million, a price-to-earnings ratio of -6.81 and a beta of 1.61. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Sotherly Hotels in a research report on Saturday, May 4th. They issued a hold rating for the company.

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.