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 Wednesday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

NASDAQ:SOHO opened at $0.79 on Wednesday. The company has a market cap of $15.68 million, a P/E ratio of -2.39 and a beta of 1.51. Sotherly Hotels has a twelve month low of $0.76 and a twelve month high of $1.54. The business has a 50 day moving average price of $0.84 and a two-hundred day moving average price of $1.03. 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 Investors Weigh In On Sotherly Hotels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. acquired a new position in shares of Sotherly Hotels during the 4th quarter worth about $33,000. Gator Capital Management LLC raised its holdings in 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 acquiring an additional 45,383 shares in the last quarter. Thompson Davis & CO. Inc. boosted its position in Sotherly Hotels by 21.7% during the fourth 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. Gamco Investors INC. ET AL grew its stake in Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 161,829 shares in the last quarter. Finally, Repertoire Partners LP bought a new position in Sotherly Hotels in the fourth quarter valued at approximately $442,000. 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.