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

Equities researchers at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a note issued to investors on Wednesday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Trading Down 4.1 %

NASDAQ:SOHO opened at $0.87 on Wednesday. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. Sotherly Hotels has a 1 year low of $0.85 and a 1 year high of $1.54. The stock has a market cap of $17.22 million, a P/E ratio of -2.63 and a beta of 1.55. The stock has a 50-day simple moving average of $0.99 and a 200-day simple moving average of $1.15.

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.