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

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

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

Sotherly Hotels Price Performance

NASDAQ:SOHO opened at $1.21 on Friday. Sotherly Hotels has a 12 month low of $1.05 and a 12 month high of $1.76. The firm has a market capitalization of $24.02 million, a PE ratio of -5.76 and a beta of 1.67. The business’s fifty day moving average price is $1.21 and its 200 day moving average price is $1.27.

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.