Sotherly Hotels (NASDAQ:SOHO) PT Lowered to $1.50

Sotherly Hotels (NASDAQ:SOHO) 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.

Sotherly Hotels Stock Down 1.6 %

Shares of SOHO opened at $1.22 on Tuesday. The company has a market capitalization of $24.22 million, a P/E ratio of -5.81 and a beta of 1.67. Sotherly Hotels has a one year low of $1.07 and a one year high of $1.88. The business’s 50 day simple moving average is $1.23 and its 200-day simple moving average is $1.31. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38.

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) 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.