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

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

Sotherly Hotels Price Performance

Shares of SOHO stock opened at $0.69 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’s 50 day moving average is $0.81 and its 200-day moving average is $1.00. Sotherly Hotels has a 1 year low of $0.65 and a 1 year high of $1.54. The firm has a market capitalization of $13.71 million, a price-to-earnings ratio of -2.09 and a beta of 1.51.

Hedge Funds Weigh In On Sotherly Hotels

Several hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. acquired a new position in Sotherly Hotels in the fourth quarter valued at approximately $33,000. Gator Capital Management LLC lifted its holdings in Sotherly Hotels by 4.8% during 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 in the last quarter. Thompson Davis & CO. Inc. grew its position 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 purchasing an additional 57,666 shares during the period. Gamco Investors INC. ET AL boosted its holdings 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 valued at $585,000 after buying an additional 161,829 shares during the period. Finally, Repertoire Partners LP bought a new position in Sotherly Hotels during the 4th quarter worth about $442,000. Institutional investors own 27.54% of the company’s stock.

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.