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

Stock analysts at StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a note issued to investors on Friday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

Shares of NASDAQ:SOHO opened at $0.69 on Friday. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. Sotherly Hotels has a one year low of $0.65 and a one year high of $1.54. The company has a market capitalization of $13.70 million, a PE ratio of -2.09 and a beta of 1.51. The stock has a fifty day moving average of $0.81 and a 200-day moving average of $1.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Repertoire Partners LP bought a new stake in shares of Sotherly Hotels in the 4th quarter valued at approximately $442,000. Gamco Investors INC. ET AL raised its holdings in Sotherly Hotels by 34.7% during 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 buying an additional 161,829 shares in the last quarter. Gator Capital Management LLC boosted its stake in shares of Sotherly Hotels by 4.8% during the 4th quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after acquiring an additional 45,383 shares in the last quarter. Prudential Financial Inc. bought a new stake in Sotherly Hotels during the fourth quarter worth approximately $33,000. Finally, Thompson Davis & CO. Inc. raised its position in shares of Sotherly Hotels by 21.7% in 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 period. 27.54% of the stock is owned by hedge funds and other institutional investors.

Sotherly Hotels Company Profile

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.