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

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

Separately, Piper Sandler lowered their price objective on shares of Sotherly Hotels from $2.00 to $1.50 and set a neutral rating for the company in a report on Tuesday, September 3rd.

Sotherly Hotels Stock Performance

Shares of NASDAQ SOHO opened at $1.24 on Tuesday. The stock’s 50-day moving average is $1.24 and its 200 day moving average is $1.29. The stock has a market cap of $24.61 million, a price-to-earnings ratio of -5.90 and a beta of 1.67. Sotherly Hotels has a 1-year low of $1.07 and a 1-year high of $1.82. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.63.

About Sotherly Hotels

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.