Sotherly Hotels (NASDAQ:SOHO) Shares Cross Below Two Hundred Day Moving Average of $1.46

Sotherly Hotels Inc. (NASDAQ:SOHO) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.46 and traded as low as $1.16. Sotherly Hotels shares last traded at $1.17, with a volume of 34,730 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Sotherly Hotels in a research report on Thursday. They set a “hold” rating on the stock.

Sotherly Hotels Stock Down 2.5 %

The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s 50-day simple moving average is $1.38 and its two-hundred day simple moving average is $1.46. The company has a market capitalization of $23.22 million, a price-to-earnings ratio of -5.57 and a beta of 1.63.

Institutional Trading of Sotherly Hotels

Several institutional investors and hedge funds have recently modified their holdings of SOHO. Virtu Financial LLC purchased a new stake in shares of Sotherly Hotels in the first quarter valued at about $55,000. Renaissance Technologies LLC lifted its holdings in shares of Sotherly Hotels by 26.7% in the second quarter. Renaissance Technologies LLC now owns 61,314 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 12,932 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Sotherly Hotels in the second quarter valued at about $38,000. State Street Corp lifted its holdings in shares of Sotherly Hotels by 69.3% in the second quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 7,345 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Sotherly Hotels in the third quarter valued at about $28,000. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Sotherly Hotels Company Profile

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.