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

StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report issued on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Trading Down 3.5 %

Shares of SOHO stock opened at $0.77 on Thursday. Sotherly Hotels has a 12-month low of $0.76 and a 12-month high of $1.54. The company has a market capitalization of $15.28 million, a P/E ratio of -2.33 and a beta of 1.51. The firm has a 50-day moving average price of $0.82 and a 200 day moving average price of $1.01. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16.

Hedge Funds Weigh In On Sotherly Hotels

A number of institutional investors have recently modified their holdings of SOHO. Thompson Davis & CO. Inc. raised its stake in shares of Sotherly Hotels by 21.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 57,666 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Sotherly Hotels in the fourth quarter worth about $33,000. Gator Capital Management LLC raised its stake in shares of Sotherly Hotels by 4.8% in the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after acquiring an additional 45,383 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after acquiring an additional 161,829 shares during the last quarter. Finally, Repertoire Partners LP bought a new position in shares of Sotherly Hotels in the fourth quarter worth about $442,000. 27.54% of the stock is owned by institutional investors.

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.