StockNews.com Begins Coverage on Sotherly Hotels (NASDAQ:SOHO)

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

Separately, Piper Sandler cut their target price on Sotherly Hotels from $2.00 to $1.50 and set a neutral rating for the company in a research note on Tuesday, September 3rd.

Sotherly Hotels Stock Performance

NASDAQ SOHO opened at $1.24 on Tuesday. The firm has a market cap of $24.61 million, a P/E ratio of -5.90 and a beta of 1.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 6.63. The company’s 50 day moving average is $1.24 and its 200-day moving average is $1.29. Sotherly Hotels has a 12-month low of $1.07 and a 12-month high of $1.82.

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.