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

Equities research analysts at StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Get Rating) in a research report issued on Sunday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

A number of other analysts have also commented on SOHO. Piper Sandler reduced their target price on Sotherly Hotels from $2.50 to $2.00 in a report on Wednesday, May 31st. TheStreet lowered Sotherly Hotels from a “c” rating to a “d” rating in a report on Friday, May 12th.

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Sotherly Hotels Stock Down 3.0 %

Sotherly Hotels stock opened at $1.94 on Friday. The firm has a market cap of $37.46 million, a price-to-earnings ratio of 1.28 and a beta of 1.70. The stock has a fifty day simple moving average of $1.87 and a two-hundred day simple moving average of $1.99. Sotherly Hotels has a 12 month low of $1.57 and a 12 month high of $3.11. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 6.04.

Insider Buying and Selling

In related news, Chairman Andrew Sims sold 20,000 shares of Sotherly Hotels stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $1.98, for a total value of $39,600.00. Following the completion of the sale, the chairman now owns 1,500 shares of the company’s stock, valued at $2,970. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sotherly Hotels

Several institutional investors and hedge funds have recently bought and sold shares of SOHO. Virtu Financial LLC purchased a new position in Sotherly Hotels during the first quarter valued at $55,000. Renaissance Technologies LLC lifted its position in Sotherly Hotels by 26.7% during the second quarter. Renaissance Technologies LLC now owns 61,314 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 12,932 shares in the last quarter. Millennium Management LLC purchased a new position in Sotherly Hotels during the second quarter valued at $38,000. State Street Corp lifted its position in Sotherly Hotels by 69.3% during the second quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 7,345 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Sotherly Hotels during the third quarter valued at $28,000. 25.93% of the stock is currently owned by hedge funds and other institutional investors.

Sotherly Hotels Company Profile

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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.

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