Sotherly Hotels (NASDAQ:SOHO) Now Covered by StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report issued on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Down 1.7 %

Shares of NASDAQ SOHO opened at $1.18 on Thursday. Sotherly Hotels has a 12-month low of $1.16 and a 12-month high of $2.50. The company has a market capitalization of $23.42 million, a PE ratio of -5.62 and a beta of 1.63. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s 50-day moving average is $1.37 and its two-hundred day moving average is $1.46.

Institutional Trading of Sotherly Hotels

Several institutional investors and hedge funds have recently modified their holdings of SOHO. Virtu Financial LLC purchased a new stake in shares of Sotherly Hotels in the first quarter valued at about $55,000. Renaissance Technologies LLC raised its position in shares of Sotherly Hotels by 26.7% in the second quarter. Renaissance Technologies LLC now owns 61,314 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 12,932 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Sotherly Hotels in the second quarter valued at approximately $38,000. State Street Corp raised its position in shares of Sotherly Hotels by 69.3% in the second quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 7,345 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Sotherly Hotels in the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 27.54% of the company’s stock.

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.