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

Stock analysts at StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note issued on Saturday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

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

Sotherly Hotels Trading Down 0.8 %

Shares of SOHO stock opened at $1.25 on Friday. The firm has a market capitalization of $24.81 million, a P/E ratio of -5.95 and a beta of 1.67. Sotherly Hotels has a 1 year low of $1.05 and a 1 year high of $1.76. The firm’s fifty day simple moving average is $1.21 and its 200 day simple moving average is $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.