StockNews.com Begins Coverage on Sotherly Hotels (NASDAQ:SOHO)

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

Separately, Piper Sandler dropped their price target on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd.

Sotherly Hotels Stock Performance

Shares of SOHO stock opened at $0.92 on Thursday. Sotherly Hotels has a 1 year low of $0.86 and a 1 year high of $1.65. The firm has a market capitalization of $18.26 million, a price-to-earnings ratio of -2.79 and a beta of 1.66. 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 business has a fifty day moving average of $1.19 and a 200 day moving average of $1.23.

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.