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

Research analysts at StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report issued on Wednesday. The brokerage set 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 Up 4.0 %

SOHO stock opened at $1.01 on Wednesday. Sotherly Hotels has a 1 year low of $0.97 and a 1 year high of $1.65. The company has a fifty day simple moving average of $1.21 and a 200 day simple moving average of $1.25. The firm has a market cap of $20.05 million, a PE ratio of -3.06 and a beta of 1.66. The company has a current ratio of 1.51, a quick ratio of 1.81 and a debt-to-equity ratio of 7.16.

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.