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

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report issued on Saturday. The brokerage issued a hold rating on the real estate investment trust’s stock.

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

Sotherly Hotels Stock Down 8.0 %

SOHO stock opened at $1.15 on Friday. The firm has a 50 day moving average of $1.21 and a two-hundred day moving average of $1.26. Sotherly Hotels has a 12 month low of $1.05 and a 12 month high of $1.76. The company has a market capitalization of $22.83 million, a price-to-earnings ratio of -5.48 and a beta of 1.67.

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.