Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report released on Wednesday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Separately, Piper Sandler reduced their target price on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 3rd.

Sotherly Hotels Trading Down 2.9 %

Shares of SOHO opened at $1.01 on Wednesday. The stock has a 50 day simple moving average of $1.22 and a 200-day simple moving average of $1.25. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 6.88. The stock has a market cap of $20.05 million, a PE ratio of -3.06 and a beta of 1.66. Sotherly Hotels has a 1 year low of $1.01 and a 1 year high of $1.65.

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.