Sotherly Hotels (NASDAQ:SOHO) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “SoTHERLY Hotels Inc. is a real estate investment trust. It is focused on the acquisition, renovation and upbranding and repositioning of upscale to upper upscale full-service hotels primarily in the Mid-Atlantic and Southern United States. The Company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY Hotels Inc., formerly known as MHI Hospitality Corporation, is headquartered in Williamsburg, Virginia. “

Separately, ValuEngine upgraded shares of Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th.

Sotherly Hotels (NASDAQ:SOHO) opened at $6.72 on Thursday. The company has a debt-to-equity ratio of 4.46, a quick ratio of 2.78 and a current ratio of 2.78. Sotherly Hotels has a one year low of $5.57 and a one year high of $7.66. The firm has a market cap of $94.55, a price-to-earnings ratio of 7.69 and a beta of 0.73.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in Sotherly Hotels by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 121,941 shares of the real estate investment trust’s stock worth $780,000 after acquiring an additional 10,173 shares in the last quarter. Renaissance Technologies LLC grew its stake in Sotherly Hotels by 4.7% in the 1st quarter. Renaissance Technologies LLC now owns 198,900 shares of the real estate investment trust’s stock worth $1,273,000 after acquiring an additional 8,900 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Sotherly Hotels by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 31,318 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 17,337 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Sotherly Hotels in the 2nd quarter worth about $192,000. Finally, JPMorgan Chase & Co. grew its stake in Sotherly Hotels by 75.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 71,056 shares of the real estate investment trust’s stock worth $482,000 after acquiring an additional 30,571 shares in the last quarter. Institutional investors own 29.39% of the company’s stock.

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Sotherly Hotels Company Profile

Sotherly Hotels Inc is a self-managed and self-administered lodging real estate investment trust. The Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company operates through the hotel ownership segment.

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