Revenue Update on Sotherly Hotels Inc(NASDAQ:SOHO)

Sotherly Hotels Inc(NASDAQ:SOHO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $41.83M. Analysts estimated a revenue of $42.46M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.52.

Sotherly Hotels Inc (SOHO) shares turned negative on Wednesdays trading session with the shares closing down -0.09 points or -1.53% at a volume of 35,699. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.86. The peak price level was also seen at $5.86 while the days lowest was $5.67. Finally the shares closed at $5.79. The 52-week high of the shares is $7.17 while the 52-week low is $4.5. According to the latest information available, the market cap of the company is $87 M.

Sotherly Hotels Inc has also declared a cash dividend of $0.0950 on Jul 26, 2016. The shares will quote ex-dividend on Sep 13, 2016 and the record date has been fixed on Sep 15, 2016. The dividend payable date has been fixed on Oct 11, 2016.

Several Insider Transactions has been reported to the SEC. On Jan 4, 2016, Andrew Sims (CEO) purchased 15,000 shares at $6.25 per share price.Also, On Dec 30, 2015, David R Folsom (COO) purchased 6,195 shares at $6.12 per share price.On May 19, 2015, Anthony E Domalski (Chief Financial Officer) sold 7,000 shares at $8.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Sotherly Hotels Inc. is a self-managed and self-administered lodging real estate investment trust (REIT). The Company operates hotels under the brands such as Hilton Crowne Plaza Sheraton and Holiday Inn. The Company conducts its business through Sotherly Hotels LP its operating partnership of which the Company is the general partner. As of December 31 2014 the Company’s portfolio consisted of 12 full-service primarily upscale and upper-upscale hotels located in eight states with an aggregate of 3009 rooms and approximately 160928 square feet of meeting space. As of December 31 2014 the Company’s portfolio consisted of 11 hotels wholly owned by subsidiaries of the operating partnership 10 operate under the Hilton Crowne Plaza DoubleTree Sheraton and Holiday Inn brands and one is an independent hotel. The Company also owns a 25% indirect non-controlling interest in the 311-room Crowne Plaza Hollywood Beach Resort through a joint venture with The Carlyle Group.

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