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

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

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

Sotherly Hotels Stock Down 1.6 %

Shares of SOHO stock opened at $1.24 on Friday. Sotherly Hotels has a fifty-two week low of $1.05 and a fifty-two week high of $1.76. The stock has a market cap of $24.61 million, a P/E ratio of -5.90 and a beta of 1.67. The business has a fifty day simple moving average of $1.21 and a 200-day simple moving average of $1.26.

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.