Thompson Davis & Co., Inc. recently announced the acquisition of new stake in Sotherly Hotels Inc. (NASDAQ:SOHO). The institutional investor has increased its shareholding in the Real Estate company by 32.81% to 1.11 million shares with purchase of 0.27 million shares. This fresh investment now brings its stake to 5.85% valued currently at $2.01 million. In addition, Bard Associates, Inc. raised its holdings by 0.12 million to 0.39 million shares.
With over 0.34 million Sotherly Hotels Inc. (SOHO) shares trading Tuesday and a closing price of $2.32 on the day, the dollar volume was approximately $0.8 million. The shares have shown a positive half year performance of 11.54% and its price on 01/24/23 gained nearly 25.90%. Currently, there are 18.05M common shares owned by the public and among those 15.98M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for SOHO have a consensus price objective of $2.50. The analysts have set the share’s price value over the next 12 months at a high of $2.50 and a low of $2.50. The average price target is 7.2% above its recent price level and an upside to the estimated low will see the stock gain 7.2% over that period. But an upside of 7.2% will see the stock hit the forecast high price target while median target price for the stock is $2.50.
Insiders at the company have transacted a total of 8 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 225,283 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 30,000 shares.
The top 3 mutual fund holders in Sotherly Hotels Inc. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and DFA Real Estate Securities Portfo. Vanguard Total Stock Market Index owns 0.34 million shares of the company’s stock, all valued at over $0.61 million. Vanguard Extended Market Index Fu bought 276.0 shares to see its total holdings expand to 0.22 million shares valued at over $0.4 million and representing 1.15% of the shares outstanding. DFA Real Estate Securities Portfo now owns shares totaling to 0.55% of the shares outstanding.
Shares of Sotherly Hotels Inc. (NASDAQ: SOHO) opened at $1.97, up $0.13 from a prior closing price of $1.84. However, the script later moved the day high at 2.3300, up 25.90%. The company’s stock has a 5-day price change of 21.54% and 6.42% over the past three months. SOHO shares are trading 28.18% year to date (YTD), with the 12-month market performance up to 14.85% higher. It has a 12-month low price of $1.48 and touched a high of $3.11 over the same period. SOHO has an average intraday trading volume of 48.88K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 25.37%, 21.73%, and 15.15% respectively.
Institutional ownership of Sotherly Hotels Inc. (NASDAQ: SOHO) shares accounts for 22.60% of the company’s 18.05M shares outstanding. Mutual fund holders own 18.15%, while other institutional holders and individual stakeholders account for 4.47% and 15.46% respectively.
It has a market capitalization of $42.80M and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 16.81, while the earnings-per-share (ttm) stands at $0.14. The company has a debt-to-equity ratio at 6.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.03% over the week and 4.34% over the month.
Analysts forecast that Sotherly Hotels Inc. (SOHO) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.19 a year ago. EPS should grow at an annualized rate of 0.00% over the next five years, compared to -1.36% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Sotherly Hotels Inc. (SOHO) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
