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

Equities researchers at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note issued on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

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

Sotherly Hotels Stock Performance

Shares of Sotherly Hotels stock opened at $1.18 on Thursday. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. Sotherly Hotels has a 1 year low of $1.07 and a 1 year high of $1.76. The firm’s 50-day simple moving average is $1.24 and its 200-day simple moving average is $1.28. The firm has a market cap of $23.32 million, a PE ratio of -5.60 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.