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
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
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.
- Get a free copy of the StockNews.com research report on Sotherly Hotels (SOHO)
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