California Public Employees Retirement System Has $157,000 Stake in Sotherly Hotels Inc. (SOHO)

California Public Employees Retirement System held its stake in Sotherly Hotels Inc. (NASDAQ:SOHO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,200 shares of the real estate investment trust’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned 0.17% of Sotherly Hotels worth $157,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Sotherly Hotels by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 660,753 shares of the real estate investment trust’s stock worth $4,480,000 after purchasing an additional 3,963 shares during the period. LSV Asset Management boosted its position in Sotherly Hotels by 3.8% during the 2nd quarter. LSV Asset Management now owns 253,990 shares of the real estate investment trust’s stock worth $1,722,000 after purchasing an additional 9,300 shares during the period. Renaissance Technologies LLC boosted its position in Sotherly Hotels by 4.7% during the 1st quarter. Renaissance Technologies LLC now owns 198,900 shares of the real estate investment trust’s stock worth $1,273,000 after purchasing an additional 8,900 shares during the period. Dimensional Fund Advisors LP boosted its position in Sotherly Hotels by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 121,941 shares of the real estate investment trust’s stock worth $780,000 after purchasing an additional 10,173 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Sotherly Hotels by 75.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 71,056 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 30,571 shares during the period. 29.39% of the stock is owned by hedge funds and other institutional investors.

Sotherly Hotels Inc. (SOHO) opened at $6.77 on Friday. The company has a debt-to-equity ratio of 4.46, a current ratio of 2.78 and a quick ratio of 2.78. The firm has a market cap of $93.58, a PE ratio of 7.57 and a beta of 0.71. Sotherly Hotels Inc. has a 12-month low of $5.45 and a 12-month high of $7.66.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 15th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.44 dividend on an annualized basis and a yield of 6.50%. Sotherly Hotels’s payout ratio is currently -4,400.00%.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Sotherly Hotels from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. TheStreet cut shares of Sotherly Hotels from a “c” rating to a “d+” rating in a research report on Wednesday, August 9th. Finally, ValuEngine raised shares of Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Sotherly Hotels has a consensus rating of “Buy” and a consensus price target of $8.00.

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Sotherly Hotels Profile

Sotherly Hotels Inc is a self-managed and self-administered lodging real estate investment trust. The Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company operates through the hotel ownership segment.

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

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