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

StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note released on Friday morning. The firm issued a hold rating on the real estate investment trust’s stock.

Separately, Piper Sandler cut their target price on 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 Price Performance

Sotherly Hotels stock opened at $0.98 on Friday. The stock has a market capitalization of $19.51 million, a price-to-earnings ratio of -2.98 and a beta of 1.58. Sotherly Hotels has a 52-week low of $0.86 and a 52-week high of $1.65. The stock’s 50 day moving average price is $1.14 and its two-hundred day moving average price is $1.21. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51.

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.