Sotherly Hotels (NASDAQ:SOHO) Research Coverage Started at StockNews.com

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

Sotherly Hotels Stock Down 0.7 %

Sotherly Hotels stock opened at $1.45 on Monday. The firm has a market cap of $28.78 million, a price-to-earnings ratio of -6.90 and a beta of 1.63. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.32 and a current ratio of 1.38. Sotherly Hotels has a 52-week low of $1.32 and a 52-week high of $2.50. The firm has a 50 day moving average price of $1.39 and a two-hundred day moving average price of $1.51.

Institutional Trading of Sotherly Hotels

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Sotherly Hotels in the 1st quarter valued at $55,000. Renaissance Technologies LLC increased its stake in shares of Sotherly Hotels by 26.7% during the 2nd quarter. Renaissance Technologies LLC now owns 61,314 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 12,932 shares during the last quarter. Millennium Management LLC purchased a new position in Sotherly Hotels in the second quarter valued at approximately $38,000. State Street Corp grew its holdings in Sotherly Hotels by 69.3% during the second quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 7,345 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of Sotherly Hotels in the third quarter valued at $28,000. Institutional investors own 27.54% of the company’s stock.

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.