SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.01-1.05 for the period. The company issued revenue guidance of $175.702-178.103 million, compared to the consensus revenue estimate of $173.7 million.
SOTHERLY HOTELS/SH SH stock traded up $0.06 during mid-day trading on Wednesday, hitting $6.86. 64,700 shares of the company’s stock traded hands, compared to its average volume of 40,402. SOTHERLY HOTELS/SH SH has a fifty-two week low of $5.90 and a fifty-two week high of $7.62. The company has a market capitalization of $98.14 million, a price-to-earnings ratio of 6.86 and a beta of 0.64. The company has a debt-to-equity ratio of 4.11, a current ratio of 2.61 and a quick ratio of 2.61.
SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last announced its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.24). SOTHERLY HOTELS/SH SH had a net margin of 0.41% and a return on equity of 0.78%. The business had revenue of $41.42 million for the quarter, compared to analyst estimates of $39.40 million. As a group, equities analysts anticipate that SOTHERLY HOTELS/SH SH will post 1.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 7.29%. The ex-dividend date is Thursday, December 13th. SOTHERLY HOTELS/SH SH’s dividend payout ratio is 50.00%.
Several equities research analysts have issued reports on SOHO shares. ValuEngine raised SOTHERLY HOTELS/SH SH from a hold rating to a buy rating in a report on Friday, September 7th. Zacks Investment Research raised SOTHERLY HOTELS/SH SH from a hold rating to a buy rating and set a $7.50 price target for the company in a report on Wednesday, October 24th.
ILLEGAL ACTIVITY NOTICE: “SOTHERLY HOTELS/SH SH (SOHO) Issues FY 2018 Earnings Guidance” was reported by Macon Daily and is owned by of Macon Daily. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://macondaily.com/2018/11/07/sotherly-hotels-sh-sh-soho-issues-fy-2018-earnings-guidance.html.
About SOTHERLY HOTELS/SH SH
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.
Featured Story: Stock Split
Receive News & Ratings for SOTHERLY HOTELS/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOTHERLY HOTELS/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.