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

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

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

Sotherly Hotels Price Performance

Shares of NASDAQ:SOHO opened at $1.01 on Wednesday. The company has a market capitalization of $20.05 million, a PE ratio of -3.06 and a beta of 1.66. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.81 and a current ratio of 1.51. The stock has a fifty day moving average of $1.21 and a 200-day moving average of $1.25. Sotherly Hotels has a one year low of $0.97 and a one year high of $1.65.

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.