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

Equities researchers at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report released on Monday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

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

Sotherly Hotels Price Performance

SOHO stock opened at $1.22 on Monday. Sotherly Hotels has a 1 year low of $1.05 and a 1 year high of $1.75. The company has a market cap of $24.12 million, a P/E ratio of -5.21 and a beta of 1.66. The stock’s fifty day moving average price is $1.23 and its 200-day moving average price is $1.26.

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.