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

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

Sotherly Hotels Price Performance

SOHO opened at $0.79 on Wednesday. The stock’s fifty day simple moving average is $0.84 and its 200 day simple moving average is $1.03. Sotherly Hotels has a 1-year low of $0.76 and a 1-year high of $1.54. The stock has a market cap of $15.68 million, a PE ratio of -2.39 and a beta of 1.51. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16.

Institutional Trading of Sotherly Hotels

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. bought a new position in Sotherly Hotels in the 4th quarter valued at about $33,000. Thompson Davis & CO. Inc. grew its position in shares of Sotherly Hotels by 21.7% in the fourth quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 57,666 shares during the last quarter. Repertoire Partners LP bought a new position in shares of Sotherly Hotels during the fourth quarter worth approximately $442,000. Gamco Investors INC. ET AL increased its stake in shares of Sotherly Hotels by 34.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after purchasing an additional 161,829 shares during the period. Finally, Gator Capital Management LLC lifted its holdings in Sotherly Hotels by 4.8% during the 4th quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock worth $932,000 after purchasing an additional 45,383 shares during the last quarter. 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.