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

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

Sotherly Hotels Trading Down 0.1 %

Shares of Sotherly Hotels stock opened at $0.69 on Friday. The stock has a market cap of $13.70 million, a PE ratio of -2.09 and a beta of 1.51. The firm has a fifty day moving average price of $0.81 and a 200 day moving average price of $1.00. Sotherly Hotels has a 1 year low of $0.65 and a 1 year high of $1.54. The company has a debt-to-equity ratio of 7.16, a current ratio of 1.51 and a quick ratio of 1.51.

Institutional Trading of Sotherly Hotels

A number of hedge funds have recently modified their holdings of the stock. Gator Capital Management LLC raised its position in Sotherly Hotels by 4.8% during the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after acquiring an additional 45,383 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Sotherly Hotels by 34.7% during the 4th quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after purchasing an additional 161,829 shares during the period. Repertoire Partners LP acquired a new stake in shares of Sotherly Hotels during the 4th quarter worth approximately $442,000. Thompson Davis & CO. Inc. increased its holdings in shares of Sotherly Hotels by 21.7% during the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 57,666 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Sotherly Hotels in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 27.54% of the company’s stock.

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.