StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Free Report) in a report published on Sunday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.
Sotherly Hotels Trading Up 1.3 %
NASDAQ:SOHO opened at $0.66 on Friday. Sotherly Hotels has a 1 year low of $0.59 and a 1 year high of $1.54. The stock’s fifty day moving average price is $0.76 and its two-hundred day moving average price is $0.94. 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 company has a market cap of $13.29 million, a P/E ratio of -2.00 and a beta of 1.06.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in SOHO. Thompson Davis & CO. Inc. lifted its holdings in shares of Sotherly Hotels by 21.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 57,666 shares in the last quarter. Prudential Financial Inc. purchased a new stake in Sotherly Hotels in the 4th quarter worth approximately $33,000. Gator Capital Management LLC boosted its holdings 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 valued at $932,000 after purchasing an additional 45,383 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Sotherly Hotels by 34.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 161,829 shares in the last quarter. Finally, Repertoire Partners LP purchased a new position in shares of Sotherly Hotels during the 4th quarter valued at $442,000. Hedge funds and other institutional investors own 27.54% of the company’s stock.
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.
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