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

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

Sotherly Hotels Stock Performance

NASDAQ SOHO opened at $1.29 on Friday. Sotherly Hotels has a 52-week low of $1.13 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 company has a market capitalization of $25.61 million, a P/E ratio of -6.14 and a beta of 1.63. The company has a fifty day moving average of $1.36 and a 200-day moving average of $1.45.

Institutional Trading of Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. PSI Advisors LLC lifted its stake in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 11.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 117,519 shares of the real estate investment trust’s stock after acquiring an additional 11,944 shares during the period. PSI Advisors LLC owned approximately 0.59% of Sotherly Hotels worth $170,000 as of its most recent SEC filing. 27.54% of the stock is currently owned by institutional investors and hedge funds.

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.