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

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

Separately, Piper Sandler reduced their target price on 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 Stock Performance

NASDAQ:SOHO opened at $1.01 on Wednesday. Sotherly Hotels has a 52-week low of $0.97 and a 52-week high of $1.65. The company has a quick ratio of 1.81, a current ratio of 1.51 and a debt-to-equity ratio of 7.16. The stock has a fifty day simple moving average of $1.20 and a 200-day simple moving average of $1.24. The company has a market capitalization of $20.05 million, a PE ratio of -3.06 and a beta of 1.66.

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.