StockNews.com Initiates Coverage on Sotherly Hotels (NASDAQ:SOHO)

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

Sotherly Hotels Price Performance

Shares of SOHO opened at $0.90 on Tuesday. 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 stock has a market cap of $17.86 million, a P/E ratio of -2.73 and a beta of 1.55. The stock’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $1.16. Sotherly Hotels has a 1 year low of $0.86 and a 1 year high of $1.54.

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.