Sotherly Hotels (NASDAQ:SOHO) is receiving new coverage from analysts at StockNews.com

Equities research analysts at StockNews.com have begun coverage on the stock Sotherly Hotels (NASDAQ:SOHO – Get Free Report) in a note to investors on Sunday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels stock performance

Shares of Sotherly Hotels stock opened at $1.25 on Friday. The stock’s 50-day moving average price is $1.23 and its 200-day moving average price is $1.31. The firm has a market cap of $24.71 million, a PE ratio of -5.93 and a beta of 1.67. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38, and a current ratio of 1.38. Sotherly Hotels has a one year low of $1.07 and a one year high of $2.01.

Institutional investors intervene in Sotherly Hotels

A hedge fund recently increased its stake in Sotherly Hotels stock. PSI Advisors LLC boosted its holdings in shares of Sotherly Hotels Inc. (NASDAQ:SOHO – Free Report) by 11.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,519 shares of the real estate investment trust’s stock after purchasing an additional 11,944 shares during the quarter. PSI Advisors LLC owned about 0.59% of Sotherly Hotels worth $170,000 at the end of the most recent quarter. Institutional investors and hedge funds own 27.54% of the company’s shares.

About Sotherly Hotels

(Get a free report)

Sotherly Hotels Inc is a privately owned and operated lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale full-service hotels in the Southern United States. Sotherly may also acquire hotels throughout the United States in due course.

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