Sotherly Hotels (NASDAQ:SOHO) Now Covered by StockNews.com

StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

Shares of SOHO stock opened at $0.81 on Wednesday. Sotherly Hotels has a 12-month low of $0.78 and a 12-month high of $1.54. The firm has a market capitalization of $16.10 million, a price-to-earnings ratio of -2.46 and a beta of 1.51. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16. The firm has a fifty day moving average of $0.85 and a 200-day moving average of $1.04.

Hedge Funds Weigh In On Sotherly Hotels

Institutional investors and hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. acquired a new position in shares of Sotherly Hotels in the 4th quarter valued at $33,000. Thompson Davis & CO. Inc. grew its holdings 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 during the period. Repertoire Partners LP acquired a new position in shares of Sotherly Hotels in the 4th quarter valued at $442,000. Gamco Investors INC. ET AL boosted its stake in Sotherly Hotels by 34.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after purchasing an additional 161,829 shares during the period. Finally, Gator Capital Management LLC boosted its stake 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 worth $932,000 after purchasing an additional 45,383 shares during the period. Institutional investors and hedge funds 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.