Sotherly Hotels (NASDAQ:SOHO) Receives New Coverage from Analysts at StockNews.com

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

Sotherly Hotels Stock Performance

Sotherly Hotels stock opened at $1.25 on Friday. The stock’s 50 day moving average price is $1.23 and its 200 day moving average price is $1.31. The firm has a market capitalization of $24.71 million, a PE ratio of -5.93 and a beta of 1.67. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. Sotherly Hotels has a one year low of $1.07 and a one year high of $2.01.

Institutional Investors Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. PSI Advisors LLC boosted its holdings in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 11.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,519 shares of the real estate investment trust’s stock after purchasing an additional 11,944 shares during the quarter. PSI Advisors LLC owned approximately 0.59% of Sotherly Hotels worth $170,000 at the end of the most recent quarter. Institutional investors and hedge funds own 27.54% of the company’s stock.

About Sotherly Hotels

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.