StockNews.com started coverage on shares of Sotherly Hotels (NASDAQ:SOHO – Free Report) in a research note released on Friday morning. The firm issued a hold rating on the real estate investment trust’s stock.
Sotherly Hotels Stock Up 1.6 %
Shares of NASDAQ:SOHO opened at $1.31 on Friday. The company has a fifty day moving average of $1.36 and a 200-day moving average of $1.45. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 6.63. Sotherly Hotels has a 52-week low of $1.13 and a 52-week high of $2.50.
Institutional Trading of Sotherly Hotels
A hedge fund recently raised its stake in Sotherly Hotels stock. J.W. Cole Advisors Inc. boosted its stake in Sotherly Hotels Inc. (NASDAQ:SOHO – Free Report) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,650 shares of the real estate investment trust’s stock after purchasing an additional 8,050 shares during the period. J.W. Cole Advisors Inc. owned about 0.27% of Sotherly Hotels worth $80,000 at the end of the most recent reporting period. 27.54% of the stock is owned by institutional investors and hedge funds.
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.
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