StockNews.com Begins Coverage on Sotherly Hotels (NASDAQ:SOHO)

Equities researchers at StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report issued on Saturday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

SOHO opened at $1.40 on Friday. The stock has a market cap of $27.79 million, a PE ratio of -6.67 and a beta of 1.63. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.63. Sotherly Hotels has a 1 year low of $1.13 and a 1 year high of $2.50. The stock’s 50 day simple moving average is $1.36 and its 200-day simple moving average is $1.44.

Institutional Trading of Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. J.W. Cole Advisors Inc. boosted its stake in Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,650 shares of the real estate investment trust’s stock after buying an additional 8,050 shares during the quarter. J.W. Cole Advisors Inc. owned approximately 0.27% of Sotherly Hotels worth $80,000 at the end of the most recent quarter. Institutional investors own 27.54% of the company’s stock.

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.