Sotherly Hotels (NASDAQ:SOHO) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report issued on Tuesday. The firm set a “hold” rating on the real estate investment trust’s stock.

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

Sotherly Hotels Trading Down 8.6 %

SOHO stock opened at $1.06 on Tuesday. Sotherly Hotels has a 52 week low of $1.05 and a 52 week high of $1.67. The company has a market capitalization of $21.04 million, a PE ratio of -3.21 and a beta of 1.66. The company’s 50-day simple moving average is $1.23 and its 200 day simple moving average is $1.26. The company has a debt-to-equity ratio of 6.88, a quick ratio of 1.81 and a current ratio of 1.81.

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.