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

StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note published on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Trading Down 3.5 %

SOHO opened at $0.77 on Thursday. Sotherly Hotels has a one year low of $0.76 and a one year high of $1.54. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market cap of $15.28 million, a P/E ratio of -2.33 and a beta of 1.51. The business’s 50-day simple moving average is $0.82 and its 200-day simple moving average is $1.01.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SOHO. Repertoire Partners LP purchased a new position in Sotherly Hotels in the 4th quarter worth about $442,000. Gamco Investors INC. ET AL lifted its position 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 buying an additional 161,829 shares in the last quarter. Thompson Davis & CO. Inc. boosted 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 valued at $301,000 after buying an additional 57,666 shares during the period. Gator Capital Management LLC boosted its position 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 valued at $932,000 after purchasing an additional 45,383 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Sotherly Hotels during the 4th quarter valued at about $33,000. 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.