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

Stock analysts at StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report released on Saturday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

Sotherly Hotels stock opened at $0.63 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16. The company has a market cap of $12.56 million, a PE ratio of -1.92 and a beta of 1.51. The company’s 50-day moving average is $0.79 and its two-hundred day moving average is $0.98. Sotherly Hotels has a 1 year low of $0.60 and a 1 year high of $1.54.

Hedge Funds Weigh In On Sotherly Hotels

Several hedge funds have recently modified their holdings of SOHO. Repertoire Partners LP bought a new position in Sotherly Hotels in the fourth quarter valued at approximately $442,000. Gamco Investors INC. ET AL raised its position in 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 worth $585,000 after acquiring an additional 161,829 shares in the last quarter. Gator Capital Management LLC lifted its stake in Sotherly Hotels by 4.8% in the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after acquiring an additional 45,383 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Sotherly Hotels in the 4th quarter valued at about $33,000. Finally, Thompson Davis & CO. Inc. increased its stake in shares of Sotherly Hotels by 21.7% during the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after purchasing an additional 57,666 shares during 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.