Thompson Davis & CO. Inc. Buys 149,489 Shares of Sotherly Hotels Inc. $SOHO

Thompson Davis & CO. Inc. boosted its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 52.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 436,190 shares of the real estate investment trust’s stock after purchasing an additional 149,489 shares during the quarter. Thompson Davis & CO. Inc. owned approximately 2.13% of Sotherly Hotels worth $414,000 at the end of the most recent reporting period.

Separately, Gamco Investors INC. ET AL boosted its position in Sotherly Hotels by 33.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 835,800 shares of the real estate investment trust’s stock worth $618,000 after purchasing an additional 207,283 shares in the last quarter. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Sotherly Hotels Price Performance

SOHO stock opened at $2.17 on Thursday. The business has a 50 day moving average price of $1.19 and a 200 day moving average price of $0.96. Sotherly Hotels Inc. has a fifty-two week low of $0.59 and a fifty-two week high of $2.17. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 7.10. The stock has a market cap of $44.36 million, a price-to-earnings ratio of -6.37 and a beta of 1.03.

Sotherly Hotels (NASDAQ:SOHO) last posted its quarterly earnings data on Tuesday, August 12th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.13). The firm had revenue of $48.79 million during the quarter, compared to analyst estimates of $51.80 million. Sotherly Hotels had a net margin of 0.89% and a return on equity of 3.69%. Equities research analysts anticipate that Sotherly Hotels Inc. will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on SOHO. Weiss Ratings reissued a “sell (d)” rating on shares of Sotherly Hotels in a report on Wednesday, October 8th. Zacks Research upgraded shares of Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Sotherly Hotels currently has an average rating of “Reduce”.

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.