Eagle Global Advisors LLC Holds Stake in Sotherly Hotels Inc. (SOHO)

Eagle Global Advisors LLC held its position in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,575 shares of the real estate investment trust’s stock at the end of the second quarter. Eagle Global Advisors LLC owned about 0.14% of Sotherly Hotels worth $133,000 at the end of the most recent reporting period.

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A number of other institutional investors have also recently made changes to their positions in SOHO. Acadian Asset Management LLC purchased a new position in shares of Sotherly Hotels during the first quarter worth $114,000. Stifel Financial Corp raised its position in shares of Sotherly Hotels by 2.5% in the first quarter. Stifel Financial Corp now owns 20,600 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 500 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Sotherly Hotels by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 31,318 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 17,337 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Sotherly Hotels by 93.2% in the first quarter. JPMorgan Chase & Co. now owns 40,485 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 19,531 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Sotherly Hotels during the first quarter worth $709,000. Institutional investors own 27.31% of the company’s stock.

Sotherly Hotels Inc. (NASDAQ:SOHO) opened at 6.34 on Wednesday. The stock has a market capitalization of $87.48 million, a price-to-earnings ratio of 81.28 and a beta of 0.77. The company has a 50-day moving average of $6.59 and a 200-day moving average of $6.62. Sotherly Hotels Inc. has a one year low of $4.65 and a one year high of $7.66.

Sotherly Hotels (NASDAQ:SOHO) last posted its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.09. Sotherly Hotels had a net margin of 2.02% and a return on equity of 4.16%. On average, equities analysts forecast that Sotherly Hotels Inc. will post $0.37 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 15th will be given a dividend of $0.11 per share. This is a boost from Sotherly Hotels’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.44 dividend on an annualized basis and a yield of 6.94%. Sotherly Hotels’s dividend payout ratio is presently 466.72%.

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A number of brokerages recently weighed in on SOHO. ValuEngine lowered shares of Sotherly Hotels from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. TheStreet upgraded shares of Sotherly Hotels from a “d+” rating to a “c” rating in a report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded shares of Sotherly Hotels from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Sotherly Hotels currently has an average rating of “Hold” and a consensus price target of $7.00.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a self-managed and self-administered lodging real estate investment trust. The Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company operates through the hotel ownership segment.

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