Investing.com - Sotherly Hotels (NASDAQ:SOHO) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sotherly Hotels announced earnings per share of $0.120 on revenue of $39.21M. Analysts polled by Investing.com anticipated EPS of $-0.290 on revenue of $44.2M.
Sotherly Hotels shares are down 10% from the beginning of the year, still down 31.51% from its 52 week high of $3.11 set on August 18.
Sotherly Hotels follows other major Real Estate sector earnings this month
Sotherly Hotels's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.15B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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