StockNews.com Begins Coverage on Sotherly Hotels (NASDAQ:SOHO)

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

Sotherly Hotels Stock Up 2.6 %

Shares of NASDAQ SOHO opened at $1.20 on Thursday. The business’s 50 day moving average is $1.37 and its two-hundred day moving average is $1.46. The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. Sotherly Hotels has a 1-year low of $1.16 and a 1-year high of $2.50.

Institutional Investors Weigh In On Sotherly Hotels

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Sotherly Hotels by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 673,628 shares of the real estate investment trust’s stock valued at $1,004,000 after buying an additional 7,388 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Sotherly Hotels during the fourth quarter valued at approximately $30,000. Citadel Advisors LLC bought a new position in shares of Sotherly Hotels during the fourth quarter valued at approximately $53,000. PSI Advisors LLC grew its stake in shares of Sotherly Hotels by 20.6% during the fourth quarter. PSI Advisors LLC now owns 105,575 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 18,000 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Sotherly Hotels by 17.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 53,650 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 8,050 shares during the last quarter. 27.54% of the stock is owned by institutional investors.

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.