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

StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHOFree Report) in a research report report published on Sunday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Separately, Piper Sandler decreased their target price on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Tuesday, September 3rd.

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Sotherly Hotels Stock Down 2.3 %

SOHO stock opened at $1.25 on Friday. The business has a 50 day moving average of $1.23 and a 200-day moving average of $1.26. The firm has a market cap of $24.81 million, a PE ratio of -5.95 and a beta of 1.67. Sotherly Hotels has a 12-month low of $1.05 and a 12-month high of $1.76.

Sotherly Hotels Company Profile

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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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