Sotherly Hotels (NASDAQ:SOHO) Now Covered by Analysts at StockNews.com

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

Sotherly Hotels Trading Down 2.2 %

Shares of SOHO opened at $0.81 on Monday. The stock has a fifty day moving average price of $0.88 and a two-hundred day moving average price of $1.07. 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 market cap of $16.08 million, a price-to-earnings ratio of -2.45 and a beta of 1.53. Sotherly Hotels has a 52-week low of $0.78 and a 52-week high of $1.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. acquired a new stake in Sotherly Hotels in the 4th quarter valued at about $33,000. Gator Capital Management LLC grew its stake in shares of 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 purchasing an additional 45,383 shares during the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of Sotherly Hotels by 21.7% during the fourth 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 during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 161,829 shares in the last quarter. Finally, Repertoire Partners LP bought a new position in Sotherly Hotels in the 4th quarter worth approximately $442,000. Institutional investors and hedge funds own 27.54% of the company’s stock.

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.