Sotherly Hotels (NASDAQ:SOHO) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report issued on Saturday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

SOHO opened at $1.40 on Friday. The business’s 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.44. Sotherly Hotels has a 1 year low of $1.13 and a 1 year high of $2.50. The company has a market capitalization of $27.79 million, a price-to-earnings ratio of -6.67 and a beta of 1.63. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38.

Hedge Funds Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. J.W. Cole Advisors Inc. grew its stake in Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,650 shares of the real estate investment trust’s stock after acquiring an additional 8,050 shares during the period. J.W. Cole Advisors Inc. owned 0.27% of Sotherly Hotels worth $80,000 at the end of the most recent 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.