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

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

Sotherly Hotels Stock Performance

Shares of SOHO stock opened at $1.46 on Monday. The stock has a market cap of $28.98 million, a PE ratio of -6.95 and a beta of 1.63. The stock has a 50-day moving average of $1.39 and a 200-day moving average of $1.51. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.32. Sotherly Hotels has a one year low of $1.32 and a one year high of $2.50.

Institutional Trading of Sotherly Hotels

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Sotherly Hotels by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 673,628 shares of the real estate investment trust’s stock worth $1,004,000 after buying an additional 7,388 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Sotherly Hotels in the fourth quarter valued at approximately $356,000. Renaissance Technologies LLC increased its position in shares of Sotherly Hotels by 214.8% during the third quarter. Renaissance Technologies LLC now owns 193,014 shares of the real estate investment trust’s stock worth $363,000 after acquiring an additional 131,700 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sotherly Hotels by 27.9% during the second quarter. Geode Capital Management LLC now owns 124,782 shares of the real estate investment trust’s stock worth $236,000 after acquiring an additional 27,212 shares during the period. Finally, PSI Advisors LLC lifted its position in Sotherly Hotels by 20.6% in the 4th quarter. PSI Advisors LLC now owns 105,575 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 18,000 shares in the last quarter. 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.