StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Free Report) in a research note released on Monday. The brokerage issued a hold rating on the real estate investment trust’s stock.
Sotherly Hotels Trading Down 0.0 %
Shares of SOHO stock opened at $0.81 on Monday. The company has a debt-to-equity ratio of 7.16, a quick ratio of 1.51 and a current ratio of 1.51. The company has a market capitalization of $16.08 million, a price-to-earnings ratio of -2.45 and a beta of 1.53. Sotherly Hotels has a 52-week low of $0.78 and a 52-week high of $1.54. The company has a 50-day simple moving average of $0.88 and a two-hundred day simple moving average of $1.06.
Institutional Trading of Sotherly Hotels
A number of institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. purchased a new position in Sotherly Hotels in the fourth quarter worth $33,000. Thompson Davis & CO. Inc. raised its stake in shares of Sotherly Hotels by 21.7% during the 4th quarter. Thompson Davis & CO. Inc. now owns 323,201 shares of the real estate investment trust’s stock worth $301,000 after purchasing an additional 57,666 shares during the period. Repertoire Partners LP bought a new stake in shares of Sotherly Hotels during the 4th quarter worth $442,000. Gamco Investors INC. ET AL boosted its holdings in shares of Sotherly Hotels by 34.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 628,517 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 161,829 shares during the last quarter. Finally, Gator Capital Management LLC grew its position in Sotherly Hotels by 4.8% during 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 buying an additional 45,383 shares during the period. 27.54% of the stock is owned by hedge funds and other institutional investors.
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.
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