Stock analysts at StockNews.com began safety on shares of Sotherly Resorts (NASDAQ:SOHO – Get Rating) in a report launched on Tuesday. The brokerage models a “keep” rating on the precise property funding perception’s stock.
Individually, Piper Sandler lowered their objective price on Sotherly Resorts to $2.00 in a report on Monday, July 4th.
Sotherly Resorts Stock Effectivity
Shares of Sotherly Resorts stock opened at $2.15 on Tuesday. The stock’s fifty day shifting frequent is $1.88 and its two-hundred day shifting frequent is $2.01. The company has a market capitalization of $38.96 million, a PE ratio of -1.31 and a beta of 1.69. The company has a quick ratio of 0.90, a gift ratio of 0.90 and a debt-to-equity ratio of twenty-two.74. Sotherly Resorts has a 52 week low of $1.48 and a 52 week extreme of $2.91.
Sotherly Resorts (NASDAQ:SOHO – Get Rating) ultimate issued its earnings outcomes on Thursday, Might twelfth. The true property funding perception reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Sotherly Resorts had a unfavorable return on equity of 78.88% and a unfavorable net margin of 13.95%. All through the similar interval throughout the earlier 12 months, the company earned ($0.33) earnings per share. As a bunch, analysts anticipate that Sotherly Resorts will put up 0.4 earnings per share for the current 12 months.
Institutional Merchants Weigh In On Sotherly Resorts
Loads of hedge funds and completely different institutional patrons have simply these days added to or lowered their stakes in SOHO. PSI Advisors LLC elevated its holdings in shares of Sotherly Resorts by 9.2% throughout the second quarter. PSI Advisors LLC now owns 82,075 shares of the particular property funding perception’s stock valued at $143,000 after shopping for an extra 6,905 shares all through the interval. Bard Associates Inc. elevated its holdings in shares of Sotherly Resorts by 6.7% throughout the first quarter. Bard Associates Inc. now owns 274,286 shares of the particular property funding perception’s stock valued at $565,000 after shopping for an extra 17,250 shares all through the interval. Virtu Financial LLC acquired a model new place in shares of Sotherly Resorts throughout the first quarter valued at about $55,000. Lastly, Thompson Davis & CO. Inc. elevated its holdings in shares of Sotherly Resorts by 7.1% throughout the second quarter. Thompson Davis & CO. Inc. now owns 834,297 shares of the particular property funding perception’s stock valued at $1,452,000 after shopping for an extra 54,955 shares all through the interval. 23.47% of the stock is at current owned by hedge funds and completely different institutional patrons.
Sotherly Resorts Agency Profile
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Sotherly Resorts Inc is a self-managed and self-administered lodging REIT centered on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service inns throughout the Southern United States. Presently, the Agency’s portfolio consists of investments in twelve resort properties, comprising 3,156 rooms, along with pursuits in two condominium inns and their associated rental functions.
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