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

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

Separately, Piper Sandler decreased their price target on 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

NASDAQ:SOHO opened at $1.00 on Friday. Sotherly Hotels has a fifty-two week low of $0.86 and a fifty-two week high of $1.65. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. The company has a 50 day moving average price of $1.12 and a 200 day moving average price of $1.18. The stock has a market capitalization of $19.85 million, a P/E ratio of -3.03 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.