Deutsche Bank AG grew its holdings in Sotherly Hotels Inc (NASDAQ:SOHO) by 27.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 92,811 shares of the real estate investment trust’s stock after acquiring an additional 19,766 shares during the quarter. Deutsche Bank AG’s holdings in Sotherly Hotels were worth $598,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC increased its position in shares of Sotherly Hotels by 32.6% in the fourth quarter. Renaissance Technologies LLC now owns 351,900 shares of the real estate investment trust’s stock valued at $2,270,000 after buying an additional 86,600 shares in the last quarter. Institutional investors and hedge funds own 28.89% of the company’s stock.
Shares of SOHO opened at $6.80 on Monday. The company has a debt-to-equity ratio of 3.16, a current ratio of 2.85 and a quick ratio of 2.85. Sotherly Hotels Inc has a one year low of $5.78 and a one year high of $7.08. The company has a market cap of $97.43 million, a P/E ratio of 6.80 and a beta of 0.64.
Sotherly Hotels (NASDAQ:SOHO) last issued its quarterly earnings results on Tuesday, May 8th. The real estate investment trust reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.03). Sotherly Hotels had a negative return on equity of 1.27% and a negative net margin of 0.65%. The firm had revenue of $41.74 million for the quarter, compared to analysts’ expectations of $40.90 million. equities analysts predict that Sotherly Hotels Inc will post 1.04 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 11th. Investors of record on Friday, June 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 7.06%. This is a boost from Sotherly Hotels’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, June 14th. Sotherly Hotels’s payout ratio is presently 46.00%.
SOHO has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Sotherly Hotels from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research report on Thursday, March 8th. ValuEngine cut Sotherly Hotels from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. TheStreet upgraded Sotherly Hotels from a “d+” rating to a “c” rating in a research report on Tuesday, May 1st. Finally, Sandler O’Neill set a $7.00 price objective on Sotherly Hotels and gave the company a “hold” rating in a research report on Wednesday, February 28th.
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. Currently, the Company's portfolio consists of investments in eleven hotel properties, comprising 2,838 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.
Want to see what other hedge funds are holding SOHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sotherly Hotels Inc (NASDAQ:SOHO).
Receive News & Ratings for Sotherly Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sotherly Hotels and related companies with MarketBeat.com's FREE daily email newsletter.