HL Financial Services LLC Cuts Holdings in SOTHERLY HOTELS/SH SH (SOHO)

HL Financial Services LLC Cuts Holdings in SOTHERLY HOTELS/SH SH (SOHO)

HL Financial Services LLC trimmed its position in shares of SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) by 14.7% during the 1st quarter, HoldingsChannel reports. The fund owned 11,910 shares of the real estate investment trust’s stock after selling 2,055 shares during the period. HL Financial Services LLC’s holdings in SOTHERLY HOTELS/SH SH were worth $81,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SOHO. Vanguard Group Inc boosted its position in shares of SOTHERLY HOTELS/SH SH by 2.7% in the 3rd quarter. Vanguard Group Inc now owns 607,185 shares of the real estate investment trust’s stock worth $4,372,000 after purchasing an additional 16,155 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of SOTHERLY HOTELS/SH SH by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 607,185 shares of the real estate investment trust’s stock worth $4,372,000 after purchasing an additional 16,155 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of SOTHERLY HOTELS/SH SH by 20.0% in the 3rd quarter. Renaissance Technologies LLC now owns 564,407 shares of the real estate investment trust’s stock worth $4,064,000 after purchasing an additional 93,878 shares in the last quarter. Cottage Street Advisors LLC boosted its position in shares of SOTHERLY HOTELS/SH SH by 9.5% in the 4th quarter. Cottage Street Advisors LLC now owns 319,659 shares of the real estate investment trust’s stock worth $1,793,000 after purchasing an additional 27,859 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of SOTHERLY HOTELS/SH SH by 0.9% in the 4th quarter. LSV Asset Management now owns 290,482 shares of the real estate investment trust’s stock worth $1,629,000 after purchasing an additional 2,566 shares in the last quarter. 30.30% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised SOTHERLY HOTELS/SH SH from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st.

Shares of SOHO opened at $7.08 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 4.93. SOTHERLY HOTELS/SH SH has a 52 week low of $5.43 and a 52 week high of $7.62. The company has a market capitalization of $100.69 million, a PE ratio of 6.81 and a beta of 0.86.

SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) last issued its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.36). SOTHERLY HOTELS/SH SH had a negative return on equity of 1.50% and a negative net margin of 0.70%. The company had revenue of $47.39 million during the quarter, compared to the consensus estimate of $45.50 million. As a group, analysts forecast that SOTHERLY HOTELS/SH SH will post 1.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Friday, June 14th will be issued a $0.13 dividend. This is a positive change from SOTHERLY HOTELS/SH SH’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date is Thursday, June 13th. SOTHERLY HOTELS/SH SH’s payout ratio is presently 48.08%.

SOTHERLY HOTELS/SH SH 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. 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.

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