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

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

Sotherly Hotels Stock Up 2.2 %

SOHO opened at $0.86 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16. The stock has a market cap of $16.97 million, a price-to-earnings ratio of -2.59 and a beta of 1.53. Sotherly Hotels has a twelve month low of $0.78 and a twelve month high of $1.54. The company’s 50-day moving average price is $0.91 and its two-hundred day moving average price is $1.09.

Institutional Investors Weigh In On Sotherly Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL lifted its position in shares of Sotherly Hotels by 34.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after acquiring an additional 161,829 shares in the last quarter. Gator Capital Management LLC lifted its position in shares of 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. Prudential Financial Inc. purchased a new stake in shares of Sotherly Hotels during the fourth quarter worth $33,000. Finally, Thompson Davis & CO. Inc. lifted its position in shares of Sotherly Hotels by 21.7% during the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after acquiring an additional 57,666 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.