Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Trading Up 4.7 %

NASDAQ:SOHO opened at $0.72 on Monday. Sotherly Hotels has a 52 week low of $0.59 and a 52 week high of $1.54. The stock’s 50 day moving average price is $0.76 and its 200 day moving average price is $0.93. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $14.48 million, a P/E ratio of -2.18 and a beta of 1.06.

Institutional Investors Weigh In On Sotherly Hotels

Several hedge funds and other institutional investors have recently modified their holdings of SOHO. Thompson Davis & CO. Inc. boosted its stake in Sotherly Hotels by 21.7% during the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 57,666 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Sotherly Hotels during the 4th quarter worth about $33,000. Gator Capital Management LLC grew its stake in Sotherly Hotels by 4.8% during the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 45,383 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Sotherly Hotels by 34.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 161,829 shares in the last quarter. Finally, Repertoire Partners LP acquired a new position in shares of Sotherly Hotels in the 4th quarter worth approximately $442,000. Institutional investors and hedge funds 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.