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

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report published on Monday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Separately, Piper Sandler lowered their price target on Sotherly Hotels from $2.00 to $1.50 and set a neutral rating for the company in a research report on Tuesday, September 3rd.

Sotherly Hotels Trading Up 0.8 %

SOHO opened at $1.18 on Monday. The business has a 50 day simple moving average of $1.23 and a two-hundred day simple moving average of $1.30. The firm has a market capitalization of $23.42 million, a price-to-earnings ratio of -5.62 and a beta of 1.67. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. Sotherly Hotels has a one year low of $1.07 and a one year high of $1.88.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sotherly Hotels stock. PSI Advisors LLC increased its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 11.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 117,519 shares of the real estate investment trust’s stock after purchasing an additional 11,944 shares during the quarter. PSI Advisors LLC owned approximately 0.59% of Sotherly Hotels worth $170,000 as of its most recent filing with the Securities & Exchange Commission. 27.54% of the stock is currently owned by institutional investors.

About Sotherly Hotels

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.