Sotherly Hotels (NASDAQ:SOHO) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHOGet Free Report) in a note issued to investors on Tuesday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

Sotherly Hotels stock opened at $1.43 on Tuesday. Sotherly Hotels has a 12 month low of $1.32 and a 12 month high of $2.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.63. The business’s 50 day simple moving average is $1.39 and its 200 day simple moving average is $1.50. The company has a market cap of $28.39 million, a price-to-earnings ratio of -6.81 and a beta of 1.63.

Institutional Investors Weigh In On Sotherly Hotels

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Sotherly Hotels by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 673,628 shares of the real estate investment trust’s stock worth $1,004,000 after acquiring an additional 7,388 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Sotherly Hotels during the 4th quarter valued at $30,000. Citadel Advisors LLC bought a new position in shares of Sotherly Hotels during the 4th quarter valued at $53,000. PSI Advisors LLC boosted its holdings in shares of Sotherly Hotels by 20.6% during the fourth quarter. PSI Advisors LLC now owns 105,575 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 18,000 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in Sotherly Hotels by 17.7% in the 4th quarter. J.W. Cole Advisors Inc. now owns 53,650 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 8,050 shares during the period. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Sotherly Hotels Company Profile

(Get Free Report)

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.

Further Reading

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