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

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

Separately, Piper Sandler reduced their price objective 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 NASDAQ SOHO opened at $1.37 on Friday. Sotherly Hotels has a 1-year low of $1.05 and a 1-year high of $1.76. The company has a 50-day moving average of $1.22 and a two-hundred day moving average of $1.26. The company has a market cap of $27.19 million, a PE ratio of -5.71 and a beta of 1.67.

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.