Investing.com - Sotherly Hotels 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 and are trading at $2.130 , down-from-52-week-high.
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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