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

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

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

Sotherly Hotels Price Performance

Shares of NASDAQ SOHO opened at $1.24 on Friday. The stock has a fifty day moving average price of $1.21 and a 200 day moving average price of $1.26. Sotherly Hotels has a 1-year low of $1.05 and a 1-year high of $1.76. The company has a market cap of $24.61 million, a PE ratio of -5.90 and a beta of 1.67.

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.