SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) Releases Earnings Results, Misses Estimates By $0.86 EPS

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) announced its quarterly earnings data on Wednesday. The real estate investment trust reported ($1.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.86), MarketWatch Earnings reports. SOTHERLY HOTELS/SH SH had a negative return on equity of 9.80% and a negative net margin of 5.82%. The firm had revenue of $37.21 million during the quarter, compared to the consensus estimate of $16.30 million.

Shares of NASDAQ:SOHO opened at $2.56 on Friday. The business’s 50 day moving average is $2.63 and its 200 day moving average is $4.12. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 3.54. The stock has a market cap of $40.47 million, a P/E ratio of -1.91 and a beta of 1.93. SOTHERLY HOTELS/SH SH has a 52-week low of $1.43 and a 52-week high of $7.30.

Several research analysts recently issued reports on SOHO shares. ValuEngine raised SOTHERLY HOTELS/SH SH from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research cut SOTHERLY HOTELS/SH SH from a “buy” rating to a “hold” rating in a research note on Wednesday, June 10th.


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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