Sotherly Hotels (NASDAQ:SOHO) Earns Hold Rating from Analysts at StockNews.com

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

Separately, Piper Sandler dropped their price objective on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 3rd.

Sotherly Hotels Stock Performance

Shares of Sotherly Hotels stock opened at $1.01 on Wednesday. Sotherly Hotels has a 52 week low of $0.97 and a 52 week high of $1.65. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.81 and a current ratio of 1.51. The stock has a market capitalization of $20.05 million, a price-to-earnings ratio of -3.03 and a beta of 1.66. The firm has a fifty day moving average of $1.21 and a two-hundred day moving average of $1.25.

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.