Sotherly Hotels (NASDAQ:SOHO) Earns Hold Rating from Analysts at StockNews.com

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

Sotherly Hotels Stock Performance

SOHO opened at $0.77 on Thursday. Sotherly Hotels has a 12-month low of $0.76 and a 12-month high of $1.54. The firm has a market capitalization of $15.28 million, a P/E ratio of -2.33 and a beta of 1.51. The stock’s 50 day moving average price is $0.82 and its two-hundred day moving average price is $1.01. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16.

Institutional Trading of Sotherly Hotels

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. bought a new stake in shares of Sotherly Hotels in the fourth quarter valued at about $33,000. Thompson Davis & CO. Inc. raised its stake in shares of Sotherly Hotels by 21.7% in 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 in the last quarter. Repertoire Partners LP bought a new position in Sotherly Hotels during the fourth quarter worth about $442,000. 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 worth $585,000 after buying an additional 161,829 shares during the period. Finally, Gator Capital Management LLC boosted its stake 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 buying an additional 45,383 shares in the last quarter. 27.54% of the stock is currently owned by institutional investors and hedge funds.

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.