Brokerages expect Sotherly Hotels Inc. (NASDAQ:SOHO) to announce $0.06 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sotherly Hotels’ earnings, with estimates ranging from ($0.02) to $0.14. Sotherly Hotels posted earnings of ($0.55) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 110.9%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 8th.
On average, analysts expect that Sotherly Hotels will report full-year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.36) to $0.04. For the next year, analysts expect that the firm will post earnings of $0.89 per share, with EPS estimates ranging from $0.76 to $1.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Sotherly Hotels.
Sotherly Hotels (NASDAQ:SOHO) last issued its quarterly earnings data on Thursday, August 12th. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.15). Sotherly Hotels had a negative return on equity of 71.07% and a negative net margin of 35.85%.
Shares of SOHO stock traded up $0.02 during midday trading on Wednesday, reaching $2.53. 354 shares of the company traded hands, compared to its average volume of 178,351. The firm’s 50 day simple moving average is $2.43 and its two-hundred day simple moving average is $3.10. Sotherly Hotels has a 1-year low of $1.48 and a 1-year high of $4.49. The company has a debt-to-equity ratio of 10.79, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $42.30 million, a PE ratio of -0.93 and a beta of 2.25.
Several large investors have recently bought and sold shares of SOHO. Citadel Advisors LLC bought a new stake in shares of Sotherly Hotels during the 1st quarter valued at about $104,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Sotherly Hotels by 90.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 37,834 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 17,963 shares in the last quarter. Bard Associates Inc. lifted its position in shares of Sotherly Hotels by 21.0% in the 2nd quarter. Bard Associates Inc. now owns 218,211 shares of the real estate investment trust’s stock valued at $655,000 after acquiring an additional 37,850 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in Sotherly Hotels in the 2nd quarter valued at approximately $136,000. Finally, Geode Capital Management LLC increased its stake in shares of Sotherly Hotels by 44.7% during the 2nd quarter. Geode Capital Management LLC now owns 85,290 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 26,332 shares during the last quarter. Institutional investors and hedge funds own 14.34% of the company’s stock.
About Sotherly Hotels
Sotherly Hotels, Inc is a real estate investment trust, which engages in the ownership and management of hotels. It operates under the Hilton, CrownePlaza, DoubleTree, and Sheraton brands. The company was founded in August 2004 and is headquartered in Williamsburg, VA.
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