Sotherly Hotels (NASDAQ:SOHO) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Separately, Piper Sandler reduced their price objective on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 3rd.

Sotherly Hotels Stock Performance

Shares of SOHO opened at $1.37 on Friday. The company has a 50-day moving average of $1.22 and a two-hundred day moving average of $1.26. The stock has a market cap of $27.19 million, a P/E ratio of -6.52 and a beta of 1.67. Sotherly Hotels has a 12-month low of $1.05 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.