StockNews.com Initiates Coverage on Sotherly Hotels (NASDAQ:SOHO)

Equities research analysts at StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report issued on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

NASDAQ SOHO opened at $1.17 on Thursday. Sotherly Hotels has a 52-week low of $1.16 and a 52-week high of $2.50. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50-day moving average of $1.38 and a 200-day moving average of $1.46. The stock has a market cap of $23.22 million, a PE ratio of -5.57 and a beta of 1.63.

Institutional Trading of Sotherly Hotels

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Sotherly Hotels by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 673,628 shares of the real estate investment trust’s stock worth $1,004,000 after purchasing an additional 7,388 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Sotherly Hotels in the 4th quarter worth about $356,000. Renaissance Technologies LLC raised its stake in Sotherly Hotels by 214.8% in the 3rd quarter. Renaissance Technologies LLC now owns 193,014 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 131,700 shares in the last quarter. Geode Capital Management LLC raised its stake in Sotherly Hotels by 27.9% in the 2nd quarter. Geode Capital Management LLC now owns 124,782 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 27,212 shares in the last quarter. Finally, PSI Advisors LLC raised its stake in Sotherly Hotels by 20.6% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 27.54% of the company’s stock.

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. Sotherly may also opportunistically acquire hotels throughout the United States.