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

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Down 3.5 %

Shares of NASDAQ SOHO opened at $0.77 on Thursday. The stock has a market cap of $15.28 million, a P/E ratio of -2.33 and a beta of 1.51. The firm has a 50 day moving average price of $0.82 and a 200 day moving average price of $1.01. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. Sotherly Hotels has a 52-week low of $0.76 and a 52-week high of $1.54.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SOHO. Repertoire Partners LP acquired a new position in shares of Sotherly Hotels in the fourth quarter valued at approximately $442,000. Gamco Investors INC. ET AL boosted its holdings in shares of Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 161,829 shares during the period. Thompson Davis & CO. Inc. boosted its holdings in shares of Sotherly Hotels by 21.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 57,666 shares during the period. Gator Capital Management LLC boosted its holdings in shares of Sotherly Hotels by 4.8% in the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after buying an additional 45,383 shares during the period. Finally, Prudential Financial Inc. acquired a new position in shares of Sotherly Hotels in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 27.54% of the company’s stock.

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.