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

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

Separately, Piper Sandler reduced their price objective on shares of 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

Sotherly Hotels stock opened at $1.21 on Friday. The firm has a 50-day moving average of $1.21 and a 200-day moving average of $1.27. Sotherly Hotels has a one year low of $1.05 and a one year high of $1.76. The company has a market cap of $24.02 million, a price-to-earnings ratio of -5.76 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.