SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) CEO Sells $28,680.00 in Stock

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) CEO Andrew Sims sold 4,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $7.17, for a total value of $28,680.00. Following the completion of the sale, the chief executive officer now directly owns 381,855 shares of the company’s stock, valued at $2,737,900.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andrew Sims also recently made the following trade(s):

  • On Wednesday, June 12th, Andrew Sims sold 7,000 shares of SOTHERLY HOTELS/SH SH stock. The stock was sold at an average price of $7.55, for a total value of $52,850.00.

Shares of SOTHERLY HOTELS/SH SH stock opened at $7.45 on Monday. The company has a debt-to-equity ratio of 4.93, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market capitalization of $105.95 million, a PE ratio of 7.16 and a beta of 0.80. SOTHERLY HOTELS/SH SH has a 52 week low of $5.43 and a 52 week high of $7.69.

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.36). The business had revenue of $47.39 million for the quarter, compared to analysts’ expectations of $45.50 million. SOTHERLY HOTELS/SH SH had a negative net margin of 0.70% and a negative return on equity of 1.50%. On average, equities research analysts predict that SOTHERLY HOTELS/SH SH will post 1.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Friday, June 14th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.98%. This is an increase from SOTHERLY HOTELS/SH SH’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, June 13th. SOTHERLY HOTELS/SH SH’s dividend payout ratio (DPR) is presently 50.00%.

Several institutional investors and hedge funds have recently modified their holdings of SOHO. HL Financial Services LLC boosted its holdings in shares of SOTHERLY HOTELS/SH SH by 11.9% in the fourth quarter. HL Financial Services LLC now owns 13,965 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 1,485 shares during the period. LSV Asset Management boosted its holdings in shares of SOTHERLY HOTELS/SH SH by 0.9% in the fourth quarter. LSV Asset Management now owns 290,482 shares of the real estate investment trust’s stock worth $1,629,000 after acquiring an additional 2,566 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of SOTHERLY HOTELS/SH SH by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 138,822 shares of the real estate investment trust’s stock worth $779,000 after acquiring an additional 3,104 shares during the period. Cottage Street Advisors LLC boosted its holdings in shares of SOTHERLY HOTELS/SH SH by 3.8% in the first quarter. Cottage Street Advisors LLC now owns 331,691 shares of the real estate investment trust’s stock worth $2,259,000 after acquiring an additional 12,032 shares during the period. Finally, Burney Co. bought a new position in shares of SOTHERLY HOTELS/SH SH in the first quarter worth $109,000. 29.17% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised SOTHERLY HOTELS/SH SH from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st.

About SOTHERLY HOTELS/SH SH

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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