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

Research analysts at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Separately, Piper Sandler reduced their price target on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd.

Sotherly Hotels Stock Up 3.8 %

Shares of NASDAQ SOHO opened at $1.23 on Tuesday. Sotherly Hotels has a one year low of $1.07 and a one year high of $1.82. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s 50 day simple moving average is $1.23 and its two-hundred day simple moving average is $1.30. The stock has a market capitalization of $24.41 million, a P/E ratio of -5.86 and a beta of 1.67.

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.