Sotherly Hotels (NASDAQ:SOHO) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note issued to investors on Monday. The firm issued a hold rating on the real estate investment trust’s stock.

Separately, Piper Sandler cut their target price on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Tuesday, September 3rd.

Sotherly Hotels Price Performance

Shares of SOHO stock opened at $1.25 on Monday. The company has a market cap of $24.81 million, a price-to-earnings ratio of -5.21 and a beta of 1.66. The stock has a 50 day simple moving average of $1.23 and a 200-day simple moving average of $1.26. Sotherly Hotels has a 1-year low of $1.05 and a 1-year high of $1.75.

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.