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

StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHOFree Report) in a report released on Tuesday. The firm issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

Shares of Sotherly Hotels stock opened at $1.41 on Tuesday. Sotherly Hotels has a one year low of $1.32 and a one year 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 $27.99 million, a price-to-earnings ratio of -6.71 and a beta of 1.63. The business’s 50 day moving average price is $1.39 and its 200 day moving average price is $1.49.

Institutional Investors Weigh In On Sotherly Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in shares of Sotherly Hotels in the third quarter valued at $28,000. Virtu Financial LLC purchased a new stake in shares of Sotherly Hotels in the 4th quarter valued at about $30,000. State Street Corp lifted its holdings in shares of Sotherly Hotels by 69.3% in the 2nd quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 7,345 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Sotherly Hotels in the 2nd quarter valued at about $38,000. Finally, Jane Street Group LLC lifted its holdings in shares of Sotherly Hotels by 218.4% in the 4th quarter. Jane Street Group LLC now owns 35,030 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 24,028 shares during the last quarter. Hedge funds and other institutional investors own 27.54% of the company’s stock.

About Sotherly Hotels

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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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