Zacks Investment Research Downgrades SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) to Sell

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday, Zacks.com reports.

According to Zacks, “SoTHERLY Hotels Inc. is a real estate investment trust. It is focused on the acquisition, renovation and upbranding and repositioning of upscale to upper upscale full-service hotels primarily in the Mid-Atlantic and Southern United States. The Company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY Hotels Inc., formerly known as MHI Hospitality Corporation, is headquartered in Williamsburg, Virginia. “

Separately, ValuEngine upgraded shares of SOTHERLY HOTELS/SH SH from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st.

NASDAQ SOHO opened at $2.14 on Friday. The company has a debt-to-equity ratio of 4.25, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $31.72 million, a price-to-earnings ratio of 3.69 and a beta of 1.90. The company has a 50 day simple moving average of $2.63 and a 200-day simple moving average of $3.36. SOTHERLY HOTELS/SH SH has a 52-week low of $1.43 and a 52-week high of $7.17.

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last issued its earnings results on Wednesday, June 24th. The real estate investment trust reported ($1.01) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.86). The firm had revenue of $37.21 million during the quarter, compared to analyst estimates of $16.30 million. SOTHERLY HOTELS/SH SH had a negative return on equity of 10.30% and a negative net margin of 5.82%. On average, analysts predict that SOTHERLY HOTELS/SH SH will post -0.94 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in SOTHERLY HOTELS/SH SH by 4.5% in the 4th quarter. Renaissance Technologies LLC now owns 687,819 shares of the real estate investment trust’s stock valued at $4,663,000 after buying an additional 29,672 shares during the period. SPC Financial Inc. acquired a new position in SOTHERLY HOTELS/SH SH during the first quarter valued at approximately $653,000. UBS Group AG lifted its stake in SOTHERLY HOTELS/SH SH by 3.5% during the fourth quarter. UBS Group AG now owns 252,700 shares of the real estate investment trust’s stock worth $1,713,000 after purchasing an additional 8,625 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in SOTHERLY HOTELS/SH SH by 8.4% during the fourth quarter. Bank of New York Mellon Corp now owns 26,494 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 2,056 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of SOTHERLY HOTELS/SH SH by 65.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,833 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 7,425 shares in the last quarter. 25.16% of the stock is currently owned by hedge funds and other institutional investors.

SOTHERLY HOTELS/SH SH Company Profile

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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