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

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report sent to investors on Monday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Separately, Piper Sandler cut their price target 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 0.3 %

NASDAQ SOHO opened at $0.94 on Monday. 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 market capitalization of $18.74 million, a P/E ratio of -2.86 and a beta of 1.58. The business has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.17. Sotherly Hotels has a 12 month low of $0.86 and a 12 month high of $1.54.

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.