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

Equities researchers at StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report released on Sunday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Up 0.3 %

NASDAQ SOHO opened at $0.65 on Friday. Sotherly Hotels has a fifty-two week low of $0.59 and a fifty-two week high of $1.54. The business has a fifty day moving average price of $0.77 and a two-hundred day moving average price of $0.95. 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 stock has a market capitalization of $13.12 million, a PE ratio of -1.98 and a beta of 1.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. acquired a new stake in shares of Sotherly Hotels in the 4th quarter valued at approximately $33,000. Thompson Davis & CO. Inc. lifted its stake in 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 purchasing an additional 57,666 shares during the last quarter. Repertoire Partners LP acquired a new stake in Sotherly Hotels in the fourth quarter valued at approximately $442,000. Gamco Investors INC. ET AL grew its stake in shares of Sotherly Hotels by 34.7% during the fourth 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 last quarter. Finally, Gator Capital Management LLC increased its holdings in shares of 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 worth $932,000 after buying an additional 45,383 shares in the last quarter. Institutional investors 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.