Sotherly Hotels (NASDAQ:SOHO) Stock Passes Below Two Hundred Day Moving Average of $1.42

Sotherly Hotels Inc. (NASDAQ:SOHOGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.42 and traded as low as $1.38. Sotherly Hotels shares last traded at $1.41, with a volume of 13,100 shares changing hands.

Analyst Ratings Changes

Separately, started coverage on Sotherly Hotels in a research note on Tuesday. They issued a “hold” rating on the stock.

Check Out Our Latest Analysis on SOHO

Sotherly Hotels Price Performance

The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a fifty day moving average price of $1.37 and a 200 day moving average price of $1.42.

Sotherly Hotels (NASDAQ:SOHOGet Free Report) last posted its earnings results on Thursday, May 9th. The real estate investment trust reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.24). The business had revenue of $46.55 million during the quarter, compared to the consensus estimate of $45.80 million. Sotherly Hotels had a return on equity of 7.86% and a net margin of 2.18%. During the same period in the previous year, the business earned $0.24 earnings per share. Analysts anticipate that Sotherly Hotels Inc. will post 0.64 EPS for the current fiscal year.

Institutional Trading of Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. PSI Advisors LLC grew its holdings in Sotherly Hotels Inc. (NASDAQ:SOHOFree Report) by 11.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,519 shares of the real estate investment trust’s stock after purchasing an additional 11,944 shares during the period. PSI Advisors LLC owned about 0.59% of Sotherly Hotels worth $170,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 27.54% of the company’s stock.

About Sotherly Hotels

(Get Free Report)

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.

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