StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Free Report) 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 %
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 – Free Report) 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.
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