StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Free Report) in a research report issued on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.
Sotherly Hotels Stock Performance
NASDAQ:SOHO opened at $1.17 on Thursday. The firm’s 50-day moving average is $1.38 and its 200-day moving average is $1.46. Sotherly Hotels has a 52-week low of $1.16 and a 52-week high of $2.50. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market cap of $23.22 million, a price-to-earnings ratio of -5.57 and a beta of 1.63.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in SOHO. Citadel Advisors LLC bought a new position in shares of Sotherly Hotels during the 3rd quarter worth about $28,000. Virtu Financial LLC bought a new stake in Sotherly Hotels in the fourth quarter valued at about $30,000. State Street Corp increased its stake in Sotherly Hotels by 69.3% in the second quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 7,345 shares during the period. Millennium Management LLC bought a new stake in Sotherly Hotels in the second quarter valued at about $38,000. Finally, Jane Street Group LLC increased its stake in Sotherly Hotels by 218.4% in the fourth quarter. Jane Street Group LLC now owns 35,030 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 24,028 shares during the period. Institutional investors own 27.54% of the company’s stock.
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.
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