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

Sotherly Hotels (NASDAQ:SOHO) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.640-0.690 for the period, compared to the consensus earnings per share estimate of 0.640. The company issued revenue guidance of $179.0 million-$182.6 million, compared to the consensus revenue estimate of $183.2 million.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Sotherly Hotels in a research report on Thursday, August 8th. They issued a hold rating for the company.

Sotherly Hotels Price Performance

Shares of NASDAQ:SOHO opened at $1.21 on Wednesday. The firm has a market cap of $24.02 million, a price-to-earnings ratio of -5.76 and a beta of 1.67. Sotherly Hotels has a 1 year low of $1.07 and a 1 year high of $2.12. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.63. The business has a fifty day simple moving average of $1.23 and a 200 day simple moving average of $1.32.

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.