Renaissance Technologies LLC boosted its holdings in shares of Sotherly Hotels Inc (NASDAQ:SOHO) by 32.6% during the fourth quarter, HoldingsChannel reports. The firm owned 351,900 shares of the real estate investment trust’s stock after acquiring an additional 86,600 shares during the period. Renaissance Technologies LLC’s holdings in Sotherly Hotels were worth $2,270,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC purchased a new stake in Sotherly Hotels during the fourth quarter valued at $175,000. 28.89% of the stock is owned by hedge funds and other institutional investors.

Sotherly Hotels stock opened at $6.49 on Friday. The firm has a market cap of $91.65, a P/E ratio of 6.49 and a beta of 0.63. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 3.16. Sotherly Hotels Inc has a 52-week low of $5.78 and a 52-week high of $7.08.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. Sotherly Hotels had a net margin of 0.27% and a return on equity of 0.53%. The company had revenue of $38.16 million for the quarter, compared to the consensus estimate of $40.00 million. equities research analysts predict that Sotherly Hotels Inc will post 1.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Shareholders of record on Thursday, March 15th were given a dividend of $0.115 per share. This is a boost from Sotherly Hotels’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, March 14th. This represents a $0.46 dividend on an annualized basis and a yield of 7.09%. Sotherly Hotels’s payout ratio is 46.00%.

SOHO has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Sotherly Hotels from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Thursday, March 8th. ValuEngine downgraded shares of Sotherly Hotels from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Sandler O’Neill set a $7.00 price target on shares of Sotherly Hotels and gave the company a “hold” rating in a research note on Wednesday, February 28th.

About Sotherly Hotels

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 eleven hotel properties, comprising 2,838 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel.

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Institutional Ownership by Quarter for Sotherly Hotels (NASDAQ:SOHO)

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