StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Free Report) in a research report sent to investors on Tuesday. The firm issued a hold rating on the real estate investment trust’s stock.
Sotherly Hotels Stock Performance
SOHO opened at $0.74 on Tuesday. The company has a market capitalization of $14.91 million, a price-to-earnings ratio of -2.25 and a beta of 1.06. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51. Sotherly Hotels has a 1-year low of $0.59 and a 1-year high of $1.54. The business has a 50 day moving average price of $0.74 and a two-hundred day moving average price of $0.91.
Institutional Investors Weigh In On Sotherly Hotels
A number of institutional investors have recently added to or reduced their stakes in SOHO. Thompson Davis & CO. Inc. lifted its position 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 acquiring an additional 57,666 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Sotherly Hotels during the 4th quarter valued at $33,000. Gator Capital Management LLC lifted its position in shares of Sotherly Hotels by 4.8% during 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 acquiring an additional 45,383 shares during the last quarter. Gamco Investors INC. ET AL lifted 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 acquiring an additional 161,829 shares during the last quarter. Finally, Repertoire Partners LP acquired a new stake in shares of Sotherly Hotels during the 4th quarter valued at $442,000. 27.54% of the stock is currently owned by institutional investors and hedge funds.
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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