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

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

Separately, Piper Sandler cut their price objective on shares of Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd.

Sotherly Hotels Stock Performance

NASDAQ SOHO opened at $1.01 on Wednesday. Sotherly Hotels has a 52 week low of $0.97 and a 52 week high of $1.65. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.81 and a current ratio of 1.51. The stock’s 50 day moving average price is $1.21 and its two-hundred day moving average price is $1.25. The stock has a market capitalization of $20.05 million, a price-to-earnings ratio of -3.03 and a beta of 1.66.

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.