Sotherly Hotels (NASDAQ:SOHO – Get Free Report) had its target price lowered by analysts at Piper Sandler from $2.00 to $1.50 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price target would suggest a potential upside of 20.97% from the company’s previous close.
Separately, StockNews.com began coverage on shares of Sotherly Hotels in a report on Sunday. They issued a “hold” rating for the company.
Read Our Latest Report on Sotherly Hotels
Sotherly Hotels Trading Up 0.8 %
Institutional Inflows and Outflows
An institutional investor recently raised its position in Sotherly Hotels stock. PSI Advisors LLC increased its stake in shares of Sotherly Hotels Inc. (NASDAQ:SOHO – Free Report) by 11.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,519 shares of the real estate investment trust’s stock after buying an additional 11,944 shares during the quarter. PSI Advisors LLC owned about 0.59% of Sotherly Hotels worth $170,000 at the end of the most recent quarter. 27.54% of the stock is owned by institutional investors.
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.
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