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

Research analysts at StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Rating) in a research report issued on Wednesday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Separately, TheStreet lowered Sotherly Hotels from a “c” rating to a “d” rating in a report on Friday, May 12th.

Sotherly Hotels Trading Up 1.2 %

Shares of NASDAQ:SOHO opened at $1.73 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 6.04. The stock has a market capitalization of $33.41 million, a PE ratio of 1.14 and a beta of 1.71. Sotherly Hotels has a 1 year low of $1.48 and a 1 year high of $3.11. The firm has a fifty day moving average price of $1.93 and a 200 day moving average price of $2.01.

Insider Transactions at Sotherly Hotels

In other Sotherly Hotels news, Chairman Andrew Sims sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $1.98, for a total transaction of $39,600.00. Following the completion of the sale, the chairman now directly owns 1,500 shares in the company, valued at $2,970. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SOHO. Gator Capital Management LLC raised its position in shares of Sotherly Hotels by 151.9% during the fourth quarter. Gator Capital Management LLC now owns 810,250 shares of the real estate investment trust’s stock valued at $1,467,000 after buying an additional 488,577 shares during the last quarter. Thompson Davis & CO. Inc. lifted its position in shares of Sotherly Hotels by 32.8% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,108,044 shares of the real estate investment trust’s stock worth $2,083,000 after acquiring an additional 273,747 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Sotherly Hotels during the 4th quarter worth approximately $356,000. Renaissance Technologies LLC grew its holdings in shares of Sotherly Hotels by 214.8% during the 3rd quarter. Renaissance Technologies LLC now owns 193,014 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 131,700 shares in the last quarter. Finally, Bard Associates Inc. increased its position in shares of Sotherly Hotels by 29.1% during the fourth quarter. Bard Associates Inc. now owns 507,661 shares of the real estate investment trust’s stock valued at $919,000 after purchasing an additional 114,550 shares during the period. 21.57% of the stock is owned by institutional investors.

Sotherly Hotels Company Profile

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Sotherly Hotels, Inc is a real estate investment trust. It engages in the business of acquisition, renovation, upbranding, and repositioning of upscale to upper-upscale full-service hotels. The company was founded in August 2004 and is headquartered in Williamsburg, VA.