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

Investment analysts at StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

Sotherly Hotels stock opened at $0.63 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 7.16. The stock’s 50 day moving average is $0.79 and its 200-day moving average is $0.98. Sotherly Hotels has a 12 month low of $0.60 and a 12 month high of $1.54. The company has a market capitalization of $12.56 million, a price-to-earnings ratio of -1.92 and a beta of 1.51.

Hedge Funds Weigh In On Sotherly Hotels

A number of institutional investors have recently modified their holdings of SOHO. 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 buying an additional 57,666 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Sotherly Hotels in the fourth quarter worth about $33,000. Gator Capital Management LLC boosted its stake in shares of Sotherly Hotels by 4.8% in the 4th quarter. Gator Capital Management LLC now owns 1,000,187 shares of the real estate investment trust’s stock valued at $932,000 after purchasing an additional 45,383 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Sotherly Hotels by 34.7% during the fourth 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 in the last quarter. Finally, Repertoire Partners LP bought a new position in Sotherly Hotels in the fourth quarter valued at about $442,000. Institutional investors and hedge funds own 27.54% of the company’s stock.

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.