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

Investment analysts at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note issued on Tuesday. The firm set a “hold” rating on the real estate investment trust’s stock.

Separately, Piper Sandler lowered their target price on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd.

Sotherly Hotels Price Performance

Shares of NASDAQ:SOHO opened at $1.19 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.63. The firm’s 50 day moving average is $1.24 and its two-hundred day moving average is $1.29. The firm has a market capitalization of $23.62 million, a P/E ratio of -5.67 and a beta of 1.67. Sotherly Hotels has a 52 week low of $1.07 and a 52 week high of $1.82.

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.