Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated at StockNews.com

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

Separately, TheStreet downgraded Sotherly Hotels from a “c” rating to a “d” rating in a research note on Friday.

Sotherly Hotels Trading Down 2.2 %

SOHO opened at $1.82 on Tuesday. The firm has a market cap of $35.01 million, a price-to-earnings ratio of 1.20 and a beta of 1.71. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 6.27. Sotherly Hotels has a 12 month low of $1.48 and a 12 month high of $3.11. The stock has a fifty day moving average price of $1.99 and a 200-day moving average price of $2.03.

Insider Buying and Selling at Sotherly Hotels

In other Sotherly Hotels news, Chairman Andrew Sims sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $1.98, for a total transaction of $39,600.00. Following the sale, the chairman now owns 1,500 shares in the company, valued at approximately $2,970. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 15.90% of the company’s stock.

Hedge Funds Weigh In On Sotherly Hotels

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new position in shares of Sotherly Hotels in the 3rd quarter valued at about $28,000. Prudential Financial Inc. purchased a new position in Sotherly Hotels during the third quarter worth approximately $30,000. State Street Corp boosted its position in Sotherly Hotels by 69.3% during the second quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 7,345 shares in the last quarter. Millennium Management LLC purchased a new position in Sotherly Hotels during the second quarter worth approximately $38,000. Finally, Virtu Financial LLC purchased a new position in Sotherly Hotels during the first quarter worth approximately $55,000. Institutional investors and hedge funds own 21.57% of the company’s stock.

Sotherly Hotels Company Profile

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Sotherly Hotels, Inc is a real estate investment trust. It engages in the business of acquisition, renovation, upbranding, and repositioning of upscale to upper-upscale full-service hotels. The company was founded in August 2004 and is headquartered in Williamsburg, VA.