Sotherly Hotels (NASDAQ:SOHO) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report issued on Tuesday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Separately, Piper Sandler decreased their price target 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 Trading Down 3.2 %

NASDAQ:SOHO opened at $1.22 on Tuesday. The company’s 50-day moving average price is $1.23 and its 200-day moving average price is $1.26. The company has a market cap of $24.22 million, a P/E ratio of -5.08 and a beta of 1.66. Sotherly Hotels has a twelve month low of $1.05 and a twelve month high of $1.67.

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.