Sotherly Hotels (NASDAQ:SOHO) Earns Hold Rating from Analysts at StockNews.com

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

Sotherly Hotels Stock Down 3.2 %

SOHO stock opened at $0.81 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16. The firm has a 50 day simple moving average of $0.90 and a 200-day simple moving average of $1.08. The company has a market capitalization of $16.15 million, a P/E ratio of -2.46 and a beta of 1.53. Sotherly Hotels has a twelve month low of $0.78 and a twelve month high of $1.54.

Institutional Investors Weigh In On Sotherly Hotels

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Repertoire Partners LP bought a new position in shares of Sotherly Hotels during the fourth quarter worth about $442,000. Gamco Investors INC. ET AL raised its stake in Sotherly Hotels by 34.7% during 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 buying an additional 161,829 shares in the last quarter. Gator Capital Management LLC lifted its holdings in Sotherly Hotels by 4.8% during the 4th quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after buying an additional 45,383 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Sotherly Hotels in the 4th quarter worth approximately $33,000. Finally, Thompson Davis & CO. Inc. increased its holdings in shares of Sotherly Hotels by 21.7% in the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 57,666 shares during the last quarter. Institutional investors own 27.54% of the company’s stock.

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.