StockNews.com Begins Coverage on Sotherly Hotels (NASDAQ:SOHO)

Research analysts at StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report issued on Monday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Down 2.2 %

SOHO stock opened at $0.81 on Monday. Sotherly Hotels has a twelve month low of $0.78 and a twelve month high of $1.54. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16. The company has a market cap of $16.08 million, a PE ratio of -2.45 and a beta of 1.53. The business’s 50-day simple moving average is $0.88 and its 200 day simple moving average is $1.07.

Institutional Investors Weigh In On Sotherly Hotels

Several institutional investors and hedge funds have recently bought and sold shares of the business. Thompson Davis & CO. Inc. lifted its holdings in shares of Sotherly Hotels by 21.7% during the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 57,666 shares during the period. Prudential Financial Inc. bought a new position in Sotherly Hotels during the fourth quarter worth about $33,000. Gator Capital Management LLC boosted its holdings in Sotherly Hotels by 4.8% during the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after purchasing an additional 45,383 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Sotherly Hotels by 34.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 161,829 shares in the last quarter. Finally, Repertoire Partners LP bought a new stake in shares of Sotherly Hotels in the 4th quarter valued at approximately $442,000. Institutional investors own 27.54% of the company’s stock.

Sotherly Hotels Company Profile

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.