Sotherly Hotels Inc. (NASDAQ:SOHO – Get Rating) Chairman Andrew Sims sold 30,000 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $2.14, for a total transaction of $64,200.00. Following the completion of the sale, the chairman now directly owns 20,000 shares of the company’s stock, valued at approximately $42,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Sotherly Hotels Stock Performance
Sotherly Hotels stock opened at $2.04 on Thursday. Sotherly Hotels Inc. has a 52-week low of $1.48 and a 52-week high of $3.11. The company has a fifty day simple moving average of $2.33 and a 200-day simple moving average of $2.06. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 7.57.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on SOHO shares. Piper Sandler cut their price target on shares of Sotherly Hotels to $2.00 in a report on Monday, July 4th. StockNews.com started coverage on shares of Sotherly Hotels in a report on Sunday. They set a “hold” rating for the company.
Institutional Investors Weigh In On Sotherly Hotels
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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs.
- Get a free copy of the StockNews.com research report on Sotherly Hotels (SOHO)
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