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

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

Sotherly Hotels Price Performance

NASDAQ:SOHO opened at $0.86 on Friday. The firm has a market capitalization of $16.97 million, a price-to-earnings ratio of -2.59 and a beta of 1.53. Sotherly Hotels has a 52-week low of $0.78 and a 52-week high of $1.54. The stock has a fifty day moving average of $0.91 and a 200 day moving average of $1.09. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51.

Institutional Investors Weigh In On Sotherly Hotels

Several large investors have recently added to or reduced their stakes in SOHO. Thompson Davis & CO. Inc. boosted its stake in Sotherly Hotels by 21.7% during the fourth 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. Prudential Financial Inc. bought a new stake in Sotherly Hotels during the fourth quarter worth about $33,000. Gator Capital Management LLC lifted its stake in Sotherly Hotels by 4.8% during the fourth 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 last quarter. Finally, Gamco Investors INC. ET AL lifted its stake 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 purchasing an additional 161,829 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.