Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated at StockNews.com

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

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

Sotherly Hotels Price Performance

Shares of NASDAQ:SOHO opened at $1.04 on Friday. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. The business’s fifty day moving average price is $1.13 and its two-hundred day moving average price is $1.20. The stock has a market cap of $20.69 million, a PE ratio of -3.16 and a beta of 1.58. Sotherly Hotels has a one year low of $0.86 and a one year high of $1.65.

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.