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

StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report released on Sunday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Down 3.2 %

Shares of Sotherly Hotels stock opened at $0.81 on Friday. Sotherly Hotels has a twelve month low of $0.78 and a twelve month high of $1.54. The stock has a market cap of $16.15 million, a price-to-earnings ratio of -2.46 and a beta of 1.53. 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 company has a fifty day moving average price of $0.90 and a 200 day moving average price of $1.08.

Institutional Investors Weigh In On Sotherly Hotels

Hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. acquired a new stake in Sotherly Hotels in the fourth quarter valued at approximately $33,000. Gator Capital Management LLC boosted its stake in shares of Sotherly Hotels by 4.8% in 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 period. Thompson Davis & CO. Inc. grew its holdings in 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 purchasing an additional 57,666 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in 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 worth $585,000 after buying an additional 161,829 shares during the period. Finally, Repertoire Partners LP acquired a new position in Sotherly Hotels in the 4th quarter worth $442,000. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

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.