Sotherly Hotels (NASDAQ:SOHO – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.650-0.680 for the period. The company issued revenue guidance of $177.8 million-$180.1 million.
Sotherly Hotels Stock Performance
NASDAQ:SOHO opened at $1.22 on Tuesday. The firm has a 50-day simple moving average of $1.23 and a two-hundred day simple moving average of $1.26. The firm has a market cap of $24.22 million, a P/E ratio of -5.08 and a beta of 1.66. Sotherly Hotels has a fifty-two week low of $1.05 and a fifty-two week high of $1.67.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on SOHO shares. StockNews.com initiated coverage on Sotherly Hotels in a report on Tuesday. They set a “hold” rating on the stock. Piper Sandler dropped their price target on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Tuesday, September 3rd.
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. Sotherly may also opportunistically acquire hotels throughout the United States.
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