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

StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note released on Tuesday. The firm issued a hold rating on the real estate investment trust’s stock.

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

Sotherly Hotels Trading Up 2.4 %

Shares of NASDAQ:SOHO opened at $1.09 on Tuesday. Sotherly Hotels has a 12 month low of $1.03 and a 12 month high of $1.67. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.81 and a quick ratio of 1.81. The business’s 50 day simple moving average is $1.22 and its 200-day simple moving average is $1.26.

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.