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

StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

NASDAQ SOHO opened at $0.86 on Friday. The company’s fifty day moving average is $0.91 and its two-hundred day moving average is $1.09. The firm has a market capitalization of $16.97 million, a price-to-earnings ratio of -2.59 and a beta of 1.53. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51. Sotherly Hotels has a 52-week low of $0.78 and a 52-week high of $1.54.

Institutional Trading of Sotherly Hotels

Hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL increased its position in shares of Sotherly Hotels by 34.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 161,829 shares during the period. Prudential Financial Inc. acquired a new stake in Sotherly Hotels during the fourth quarter worth $33,000. Gator Capital Management LLC increased its holdings in Sotherly Hotels by 4.8% in the 4th quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after buying an additional 45,383 shares during the period. Finally, Thompson Davis & CO. Inc. raised its stake in shares of Sotherly Hotels by 21.7% in the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 57,666 shares in the last quarter. Institutional investors own 27.54% of the company’s stock.

Sotherly Hotels Company Profile

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.