Sotherly Hotels (NASDAQ:SOHO – Free Report) had its target price cut by Piper Sandler from $2.00 to $1.50 in a report published on Tuesday morning, Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.
Separately, StockNews.com initiated coverage on shares of Sotherly Hotels in a research note on Sunday, September 1st. They set a hold rating on the stock.
Read Our Latest Stock Report on Sotherly Hotels
Sotherly Hotels Stock Down 1.6 %
Institutional Inflows and Outflows
An institutional investor recently raised its position in Sotherly Hotels stock. PSI Advisors LLC grew its position in Sotherly Hotels Inc. (NASDAQ:SOHO – Free Report) by 11.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 117,519 shares of the real estate investment trust’s stock after buying an additional 11,944 shares during the period. PSI Advisors LLC owned approximately 0.59% of Sotherly Hotels worth $170,000 at the end of the most recent quarter. 27.54% of the stock is currently owned by institutional investors.
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.
Read More
- Five stocks we like better than Sotherly Hotels
- What is the Nikkei 225 index?
- Emerging Markets: What They Are and Why They Matter
- Short Selling: How to Short a Stock
- Recession or Not, These 3 Stocks Are Winners
- When to Sell a Stock for Profit or Loss
- Why NVIDIA Is More of a Screaming Buy Than Ever
Receive News & Ratings for Sotherly Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sotherly Hotels and related companies with MarketBeat.com's FREE daily email newsletter.