StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Rating) in a research report released on Monday. The firm issued a hold rating on the real estate investment trust’s stock.
Sotherly Hotels Trading Up 2.7 %
SOHO stock opened at $1.95 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 7.15. Sotherly Hotels has a 12-month low of $1.48 and a 12-month high of $3.11. The stock has a market cap of $35.94 million, a price-to-earnings ratio of 10.27 and a beta of 1.68. The business’s 50-day moving average is $2.06 and its 200 day moving average is $2.05.
Insider Buying and Selling
In other news, Chairman Andrew Sims sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $2.14, for a total transaction of $64,200.00. Following the transaction, the chairman now directly owns 20,000 shares in the company, valued at approximately $42,800. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.40% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs.
- Get a free copy of the StockNews.com research report on Sotherly Hotels (SOHO)
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