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

StockNews.com assumed 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 lowered their target price on shares of 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 $1.04 on Friday. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. Sotherly Hotels has a one year low of $0.86 and a one year high of $1.65. The firm has a market capitalization of $20.69 million, a P/E ratio of -3.16 and a beta of 1.58. The company’s fifty day moving average is $1.13 and its two-hundred day moving average is $1.20.

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.