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

Equities researchers at StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

NASDAQ SOHO opened at $0.83 on Monday. Sotherly Hotels has a 1-year low of $0.78 and a 1-year high of $1.54. The company has a 50 day moving average of $0.89 and a 200-day moving average of $1.07. 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 firm has a market cap of $16.47 million, a price-to-earnings ratio of -2.51 and a beta of 1.53.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Repertoire Partners LP acquired a new position in shares of Sotherly Hotels during the fourth quarter valued at $442,000. Gamco Investors INC. ET AL increased its position in Sotherly Hotels by 34.7% in 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 purchasing an additional 161,829 shares during the period. Thompson Davis & CO. Inc. raised its holdings in 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 last quarter. Gator Capital Management LLC lifted its position in Sotherly Hotels by 4.8% during 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 during the period. Finally, Prudential Financial Inc. bought a new position in shares of Sotherly Hotels in the 4th quarter valued at about $33,000. Institutional investors own 27.54% of the company’s stock.

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.