Sotherly Hotels (NASDAQ:SOHO) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report released on Monday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Separately, Piper Sandler dropped 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 Trading Up 2.4 %

SOHO stock opened at $1.28 on Monday. The firm has a 50-day moving average price of $1.23 and a 200-day moving average price of $1.26. Sotherly Hotels has a 12 month low of $1.05 and a 12 month high of $1.75. The stock has a market capitalization of $25.41 million, a P/E ratio of -5.33 and a beta of 1.66.

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.