SOHO

Sotherly Hotels
SOHO

$1.24

3.78%

Market Cap: $24.5M

About: Sotherly Hotels Inc is engaged in Hotel operations. The company is a self-managed and self-administered lodging real estate investment trust that was formed to own, acquire, renovate, and reposition full-service, upscale, and upper-upscale hotel properties located in primary markets in the mid-Atlantic and southern United States. It generates revenue through the rooms, food, beverage, and other services. Geographically, the group has its presence in the regions of Florida, Georgia, Indiana, Maryland, North Carolina, Pennsylvania, Texas, and Virginia.

Employees: 9

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

3% more funds holding

Funds holding: 31 [Q1] → 32 (+1) [Q2]

1.82% more ownership

Funds ownership: 18.72% [Q1] → 20.53% (+1.82%) [Q2]

13% less capital invested

Capital invested by funds: $5.39M [Q1] → $4.69M (-$700K) [Q2]

54% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 13

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$1.50

21%

upside

Avg. target

$1.50

21%

upside

High target

$1.50

21%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Piper Sandler

Alexander Goldfarb

60% 1-year accuracy

27 / 45 met price target

21%upside

$1.50

Neutral

Maintained

3 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about SOHO published over the past 30 days

Zacks Investment Research

Here's Why Sotherly Hotels (SOHO) Looks Ripe for Bottom Fishing

Sotherly Hotels (SOHO) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Here's Why Sotherly Hotels (SOHO) Looks Ripe for Bottom Fishing

Zacks Investment Research

Here Is Why Bargain Hunters Would Love Fast-paced Mover Sotherly Hotels (SOHO)

Sotherly Hotels (SOHO) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Sotherly Hotels (SOHO)

Sotherly Hotels Inc. Receives Notification of Deficiency From Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

WILLIAMSBURG, Va., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Form 10-Q") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1).

Sotherly Hotels Inc. Receives Notification of Deficiency From Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Sotherly Hotels Inc. (SOHO) Q2 2024 Earnings Call Transcript

Sotherly Hotels Inc. (NASDAQ:SOHO ) Q2 2024 Earnings Conference Call August 13, 2024 10:00 AM ET Company Participants Mack Sims – Vice President-Operations Scott Kucinski – Executive Vice President and Chief Operating Officer Tony Domalski – Chief Financial Officer Dave Folsom – President and Chief Executive Officer Conference Call Participants Connor Mitchell – Piper Sandler Operator Good morning, all, and thank you for joining us for the Sotherly Hotels Q2 2024 Conference Call and Webcast. My name is Carly, and I'll be coordinating your call today.

Sotherly Hotels Inc. (SOHO) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Sotherly Hotels (SOHO) Q2 FFO Beat Estimates

Sotherly Hotels (SOHO) came out with quarterly funds from operations (FFO) of $0.37 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.37 per share a year ago.

Sotherly Hotels (SOHO) Q2 FFO Beat Estimates

Sotherly Hotels Inc. Reports Financial Results for the Second Quarter Ended June 30, 2024

WILLIAMSBURG, Va., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO), (“Sotherly” or the “Company”), a self-managed and self-administered lodging real estate investment trust (a “REIT”), today reported its consolidated results for the second quarter ended June 30, 2024. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the Second Quarter Ended June 30, 2024

Sotherly Hotels Inc. Announces Quarterly Preferred Dividends

WILLIAMSBURG, Va., July 30, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that its Board of Directors has authorized payment of quarterly cash dividends for the Company's Series B, Series C, and Series D Preferred Stock.

Sotherly Hotels Inc. Announces Quarterly Preferred Dividends

Sotherly Hotels Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

WILLIAMSBURG, Va., July 17, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the second quarter 2024 prior to the market opening on Tuesday, August 13, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company's second quarter 2024 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information.

Sotherly Hotels Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call

Sotherly Hotels Inc. Announces Refinancing and Relaunch Plans for Jacksonville, FL Hotel

WILLIAMSBURG, Va., July 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that the Company has executed a secured loan with Fifth Third Bank, collateralized by the DoubleTree by Hilton Jacksonville Riverfront hotel (the “Hotel”) in Jacksonville, FL. The loan, which carries a floating interest rate based on SOFR plus 3.0%, has an initial principal balance of approximately $26.25 million, with an additional $9.49 million available to fund a product improvement plan at the Hotel.

Sotherly Hotels Inc. Announces Refinancing and Relaunch Plans for Jacksonville, FL Hotel

Sotherly Hotels Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

WILLIAMSBURG, Va., May 29, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the "Form 10-Q") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1).

Sotherly Hotels Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

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