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

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

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

Sotherly Hotels Price Performance

Shares of NASDAQ SOHO opened at $0.92 on Thursday. Sotherly Hotels has a fifty-two week low of $0.86 and a fifty-two week high of $1.65. The business has a 50 day moving average price of $1.19 and a two-hundred day moving average price of $1.23. 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 firm has a market cap of $18.26 million, a PE ratio of -2.79 and a beta of 1.66.

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.