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

StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report released on Thursday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

NASDAQ SOHO opened at $1.20 on Thursday. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. Sotherly Hotels has a 12 month low of $1.16 and a 12 month high of $2.50. The stock has a 50 day moving average of $1.37 and a 200-day moving average of $1.46.

Institutional Investors Weigh In On Sotherly Hotels

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