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

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

Sotherly Hotels Stock Performance

NASDAQ:SOHO opened at $0.81 on Wednesday. The stock’s fifty day moving average is $0.85 and its 200 day moving average is $1.04. Sotherly Hotels has a fifty-two week low of $0.78 and a fifty-two week high of $1.54. The firm has a market capitalization of $16.08 million, a PE ratio of -2.46 and a beta of 1.51. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51.

Institutional Trading of Sotherly Hotels

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. purchased a new stake in Sotherly Hotels in the fourth quarter worth $33,000. Thompson Davis & CO. Inc. increased its stake in 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 worth $301,000 after purchasing an additional 57,666 shares during the period. Repertoire Partners LP purchased a new stake in Sotherly Hotels in the fourth quarter worth $442,000. Gamco Investors INC. ET AL increased its stake in Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after purchasing an additional 161,829 shares during the period. Finally, Gator Capital Management LLC increased its stake in Sotherly Hotels by 4.8% in the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after purchasing an additional 45,383 shares during the period. Hedge funds and other 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.