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

StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report released on Friday. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

Sotherly Hotels stock opened at $1.31 on Friday. The company has a fifty day moving average price of $1.36 and a two-hundred day moving average price of $1.45. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 6.63. Sotherly Hotels has a 12 month low of $1.13 and a 12 month high of $2.50.

Hedge Funds Weigh In On Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. J.W. Cole Advisors Inc. grew its position in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,650 shares of the real estate investment trust’s stock after acquiring an additional 8,050 shares during the quarter. J.W. Cole Advisors Inc. owned about 0.27% of Sotherly Hotels worth $80,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 27.54% of the company’s stock.

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.