Sotherly Hotels (NASDAQ:SOHO) Receives New Coverage from Analysts at StockNews.com

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

Separately, Piper Sandler decreased 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 Trading Up 11.3 %

NASDAQ:SOHO opened at $1.28 on Friday. The company has a market cap of $25.41 million, a price-to-earnings ratio of -6.10 and a beta of 1.67. Sotherly Hotels has a twelve month low of $1.05 and a twelve month high of $1.76. The stock has a fifty day simple moving average of $1.21 and a 200-day simple moving average of $1.26.

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.