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

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

Separately, Piper Sandler decreased their price objective on shares of 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 Stock Down 4.0 %

Shares of NASDAQ SOHO opened at $0.95 on Monday. 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 1 year low of $0.86 and a 1 year high of $1.56. The stock’s 50-day simple moving average is $1.09 and its 200-day simple moving average is $1.17. The firm has a market cap of $18.80 million, a price-to-earnings ratio of -2.87 and a beta of 1.58.

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.