StockNews.com began coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Free Report) 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.
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Sotherly Hotels Stock Performance
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.
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