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

Sotherly Hotels (NASDAQ:SOHO) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.650-0.680 for the period. The company issued revenue guidance of $177.8 million-$180.1 million.

Wall Street Analyst Weigh In

SOHO has been the topic of a number of recent research reports. StockNews.com assumed coverage on shares of Sotherly Hotels in a research report on Tuesday. They set a “hold” rating on the stock. Piper Sandler cut their price target on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 3rd.

Sotherly Hotels Stock Performance

NASDAQ SOHO opened at $1.22 on Tuesday. The company has a market capitalization of $24.22 million, a P/E ratio of -5.08 and a beta of 1.66. The stock has a 50 day moving average price of $1.23 and a 200-day moving average price of $1.26. Sotherly Hotels has a one year low of $1.05 and a one year high of $1.67.

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.