Sotherly Hotels (NASDAQ:SOHO) Earns Hold Rating from Analysts at StockNews.com

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

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

Sotherly Hotels Trading Down 4.9 %

Shares of NASDAQ SOHO opened at $1.16 on Tuesday. The stock has a fifty day moving average price of $1.23 and a 200 day moving average price of $1.26. Sotherly Hotels has a 12-month low of $1.05 and a 12-month high of $1.67. The company has a market cap of $23.02 million, a P/E ratio of -4.83 and a beta of 1.66.

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.