Core Insights - Sotherly Hotels Inc. reported a net loss attributable to common stockholders of approximately $5.6 million for Q3 2024, an increase from a loss of approximately $3.9 million in Q3 2023, reflecting a year-over-year decline in profitability [1][3] - Total revenue for Q3 2024 was approximately $40.7 million, up from approximately $39.2 million in Q3 2023, indicating a positive trend in revenue generation [2][3] - The company experienced a 4.1% increase in RevPAR to $107.02 for Q3 2024, driven by a 7.8% increase in occupancy [2][19] Financial Performance - For the three months ended September 30, 2024, total revenue was $40.7 million compared to $39.2 million for the same period in 2023 [1][2] - Net loss attributable to common stockholders for the nine months ended September 30, 2024, was approximately $3.6 million, a significant increase of 169.2% from a loss of approximately $1.4 million in the same period of 2023 [3] - Hotel EBITDA increased to approximately $8.1 million for Q3 2024, up from approximately $7.6 million in Q3 2023 [3][4] Operational Metrics - The company's composite portfolio achieved a RevPAR of $107.02 for Q3 2024, up from $102.82 in Q3 2023, with occupancy rising to 66.3% from 61.5% [2][19] - Average daily rate (ADR) decreased by 3.4% to $161.37 for Q3 2024, down from $167.10 in Q3 2023 [2][19] - For the nine months ended September 30, 2024, RevPAR increased to $122.71 from $117.89 in the comparable period of 2023 [2][19] Balance Sheet and Liquidity - As of September 30, 2024, the company had approximately $32.5 million in available cash, with $18.5 million reserved for various expenses [5] - The company reported outstanding debt of approximately $321.3 million at a weighted average interest rate of 5.95% [5] Future Outlook - The company updated its 2024 guidance, projecting total revenue between $177.8 million and $180.1 million, with a net loss attributable to common stockholders expected to range from approximately $8.5 million to $7.9 million [8][9] - The updated guidance reflects current market conditions and the impact of refinancing activities and weather-related events [8][9] Recent Developments - The company successfully refinanced the mortgage on its Jacksonville Doubletree location, securing nearly $9.5 million for capital improvements [4] - Hurricane Helene impacted the Hotel Alba in Tampa, but the hotel remained operational and is expected to recover lost revenues through business interruption insurance [4]

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: Sotherly Hotels (SOHO) Analysis - Sotherly Hotels (SOHO) has shown a price increase of 4.8% over the past four weeks, indicating growing investor interest [4] - The stock has gained 13.9% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - SOHO has a beta of 1.67, suggesting it moves 67% more than the market in either direction, indicating fast-paced momentum [5] - The stock has a Momentum Score of B, suggesting it is an opportune time to invest [6] - SOHO has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [7] - The stock is trading at a Price-to-Sales ratio of 0.15, indicating it is relatively undervalued, as investors pay only 15 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides SOHO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Zacks offers over 45 Premium Screens tailored to different investing styles, which can help identify potential winning stocks [9]

Core Viewpoint - Sotherly Hotels (SOHO) has experienced a downtrend recently, losing 6.4% over the past two weeks, but a hammer chart pattern suggests a potential trend reversal due to increased buying interest and optimism among analysts regarding future earnings [1]. Group 1: Technical Analysis - The formation of a hammer chart pattern indicates a possible bottoming out, suggesting that selling pressure may be exhausting [1]. - A hammer pattern occurs when a stock opens lower, makes a new low, but then closes near or above its opening price, signaling a potential loss of control by bears [2]. - Hammer candles can appear on various timeframes and should be used alongside other bullish indicators for confirmation [2]. Group 2: Fundamental Analysis - There has been a positive trend in earnings estimate revisions for SOHO, with a 7.8% increase in the consensus EPS estimate over the last 30 days, indicating expected better earnings [3]. - SOHO holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [3]. - The Zacks Rank serves as a timing indicator, suggesting that SOHO's prospects are improving, reinforcing the potential for a turnaround [3].

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

Sotherly Hotels (SOHO) came out with quarterly funds from operations (FFO) of $0.37 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 8.82%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.21 per share when it actually produced FFO of $0.20, delivering a surprise of -4.76%. Over the last four q ...

WILLIAMSBURG, Va., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO), ("Sotherly" or the "Company"), a self-managed and self-administered lodging real estate investment trust (a "REIT"), today reported its consolidated results for the second quarter ended June 30, 2024. The Company's results include the following*: | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------|----------------------------------------|-------|-----------------|-- ...

WILLIAMSBURG, Va., July 30, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the "Company") today announced that its Board of Directors has authorized payment of quarterly cash dividends for the Company's Series B, Series C, and Series D Preferred Stock. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.4921875 per share of beneficial interest of the Company's 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock. The Series C prefer ...

About Sotherly Hotels Inc. 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. Currently, the Company's portfolio consists of investments in ten hotel properties, comprising 2,786 rooms, as well as interests in two condominium hotels and their associated rental ...

The conference call will be accessible by telephone and through the Internet. Interested individuals are invited to listen to the call by telephone at 833-470-1428 (United States) and enter access code 441747. To participate in the webcast, visit the Investor Relations section on the Company's website at least 15 minutes before the call to download the necessary software. For those unable to listen to the live conference call, a taped rebroadcast will be available approximately one hour after completion of ...