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

Investment analysts at StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the real estate investment trust’s stock.

Separately, Piper Sandler lowered their price objective on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Tuesday, September 3rd.

Sotherly Hotels Price Performance

Sotherly Hotels stock opened at $1.23 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.63. The company has a fifty day simple moving average of $1.24 and a 200-day simple moving average of $1.29. The stock has a market cap of $24.41 million, a P/E ratio of -5.86 and a beta of 1.67. Sotherly Hotels has a 12-month low of $1.07 and a 12-month high of $1.76.

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.