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

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

Separately, Piper Sandler lowered their price target on shares of 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 SOHO opened at $0.90 on Thursday. Sotherly Hotels has a 12 month low of $0.86 and a 12 month high of $1.65. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a fifty day moving average price of $1.18 and a 200 day moving average price of $1.23. The company has a market cap of $17.87 million, a P/E ratio of -2.73 and a beta of 1.66.

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.