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

Analysts at StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note issued to investors on Saturday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Up 1.4 %

Shares of NASDAQ:SOHO opened at $1.40 on Friday. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. The stock’s 50-day moving average is $1.36 and its 200 day moving average is $1.44. The company has a market cap of $27.79 million, a PE ratio of -6.67 and a beta of 1.63. Sotherly Hotels has a 1 year low of $1.13 and a 1 year high of $2.50.

Institutional Investors Weigh In On Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. J.W. Cole Advisors Inc. grew its holdings in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,650 shares of the real estate investment trust’s stock after acquiring an additional 8,050 shares during the period. J.W. Cole Advisors Inc. owned about 0.27% of Sotherly Hotels worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.54% of the stock is currently owned by institutional investors and hedge funds.

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.