Sotherly Hotels (NASDAQ:SOHO) Updates FY 2024 Earnings Guidance

Sotherly Hotels (NASDAQ:SOHO) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.650-0.680 for the period. The company issued revenue guidance of $177.8 million-$180.1 million.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com started coverage on Sotherly Hotels in a report on Tuesday. They set a “hold” rating on the stock. Piper Sandler reduced their target price on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 3rd.

Sotherly Hotels Price Performance

SOHO traded down $0.03 during midday trading on Friday, reaching $1.06. 5,439 shares of the company’s stock were exchanged, compared to its average volume of 51,550. The firm has a market capitalization of $21.04 million, a price-to-earnings ratio of -3.29 and a beta of 1.66. The business has a 50-day simple moving average of $1.22 and a two-hundred day simple moving average of $1.26. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.88. Sotherly Hotels has a one year low of $1.03 and a one year high of $1.67.

Sotherly Hotels Company Profile

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.