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

Investment analysts at StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHOGet Rating) in a report released on Monday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

Shares of NASDAQ SOHO opened at $2.01 on Monday. The stock has a market cap of $37.01 million, a PE ratio of 10.58 and a beta of 1.68. Sotherly Hotels has a fifty-two week low of $1.48 and a fifty-two week high of $3.11. The company has a debt-to-equity ratio of 7.15, a quick ratio of 1.19 and a current ratio of 1.28. The stock has a fifty day moving average of $2.09 and a 200-day moving average of $2.05.

Insider Activity

In other news, Chairman Andrew Sims sold 30,000 shares of Sotherly Hotels stock in a transaction on Monday, September 19th. The stock was sold at an average price of $2.14, for a total value of $64,200.00. Following the completion of the transaction, the chairman now directly owns 20,000 shares in the company, valued at $42,800. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sotherly Hotels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SOHO. Thompson Davis & CO. Inc. grew its position in Sotherly Hotels by 32.8% during the third quarter. Thompson Davis & CO. Inc. now owns 1,108,044 shares of the real estate investment trust’s stock worth $2,083,000 after buying an additional 273,747 shares in the last quarter. Renaissance Technologies LLC grew its position in Sotherly Hotels by 214.8% during the third quarter. Renaissance Technologies LLC now owns 193,014 shares of the real estate investment trust’s stock worth $363,000 after buying an additional 131,700 shares in the last quarter. Seneca House Advisors purchased a new position in Sotherly Hotels during the third quarter worth about $68,000. Virtu Financial LLC purchased a new position in Sotherly Hotels during the first quarter worth about $55,000. Finally, Millennium Management LLC purchased a new position in Sotherly Hotels during the second quarter worth about $38,000. 16.19% of the stock is currently owned by hedge funds and other institutional investors.

About Sotherly Hotels

(Get Rating)

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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs.

Further Reading

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