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

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

Separately, Piper Sandler dropped their price target on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Tuesday, September 3rd.

Sotherly Hotels Stock Performance

Shares of SOHO opened at $0.98 on Friday. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51. The firm’s 50 day moving average is $1.14 and its 200-day moving average is $1.21. Sotherly Hotels has a 12-month low of $0.86 and a 12-month high of $1.65. The stock has a market capitalization of $19.51 million, a P/E ratio of -2.98 and a beta of 1.58.

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.