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

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

Sotherly Hotels Stock Down 0.0 %

Shares of Sotherly Hotels stock opened at $0.81 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16. The business has a 50-day moving average price of $0.86 and a 200 day moving average price of $1.05. Sotherly Hotels has a fifty-two week low of $0.78 and a fifty-two week high of $1.54. The firm has a market cap of $16.08 million, a P/E ratio of -2.45 and a beta of 1.53.

Hedge Funds Weigh In On Sotherly Hotels

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Gator Capital Management LLC boosted its stake in Sotherly Hotels by 4.8% in the fourth quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after acquiring an additional 45,383 shares during the period. Gamco Investors INC. ET AL boosted its stake in Sotherly Hotels by 34.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock valued at $585,000 after acquiring an additional 161,829 shares during the period. Repertoire Partners LP acquired a new position in Sotherly Hotels in the fourth quarter valued at approximately $442,000. Thompson Davis & CO. Inc. boosted its stake in 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 acquiring an additional 57,666 shares during the period. Finally, Prudential Financial Inc. acquired a new position in Sotherly Hotels in the fourth quarter valued at approximately $33,000. 27.54% of the stock is currently owned by institutional investors and hedge funds.

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.