Sotherly Hotels (NASDAQ:SOHO) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note issued to investors on Monday. The firm issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Stock Performance

NASDAQ:SOHO opened at $1.45 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.32 and a debt-to-equity ratio of 6.63. Sotherly Hotels has a 12-month low of $1.32 and a 12-month high of $2.50. The stock has a 50-day moving average price of $1.39 and a 200 day moving average price of $1.51. The stock has a market capitalization of $28.78 million, a P/E ratio of -6.90 and a beta of 1.63.

Institutional Trading of Sotherly Hotels

A number of large investors have recently added to or reduced their stakes in SOHO. Citadel Advisors LLC bought a new stake in Sotherly Hotels in the 3rd quarter worth approximately $28,000. Virtu Financial LLC bought a new position in shares of Sotherly Hotels during the 4th quarter valued at approximately $30,000. State Street Corp increased its position in shares of Sotherly Hotels by 69.3% during the 2nd quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 7,345 shares during the last quarter. Millennium Management LLC bought a new position in shares of Sotherly Hotels during the 2nd quarter valued at approximately $38,000. Finally, Jane Street Group LLC increased its position in shares of Sotherly Hotels by 218.4% during the 4th quarter. Jane Street Group LLC now owns 35,030 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 24,028 shares during the last quarter. 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.