Sotherly Hotels (NASDAQ:SOHO) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Separately, Zacks Investment Research raised Sotherly Hotels from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 6th.
Shares of Sotherly Hotels (NASDAQ SOHO) traded down $0.09 during midday trading on Friday, reaching $6.11. The company’s stock had a trading volume of 55,543 shares, compared to its average volume of 31,449. Sotherly Hotels has a 12-month low of $5.57 and a 12-month high of $7.66. The firm has a market cap of $84.46, a price-to-earnings ratio of -611.00 and a beta of 0.71. The company has a debt-to-equity ratio of 4.46, a current ratio of 2.78 and a quick ratio of 2.78.
Several institutional investors and hedge funds have recently bought and sold shares of SOHO. Bank of New York Mellon Corp purchased a new stake in shares of Sotherly Hotels during the 2nd quarter worth about $192,000. Goldman Sachs Group Inc. raised its stake in shares of Sotherly Hotels by 33.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 41,898 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 10,580 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sotherly Hotels by 75.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 71,056 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 30,571 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sotherly Hotels by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 129,301 shares of the real estate investment trust’s stock worth $877,000 after purchasing an additional 7,360 shares in the last quarter. Finally, Granahan Investment Management Inc. MA raised its stake in shares of Sotherly Hotels by 35.4% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 198,949 shares of the real estate investment trust’s stock worth $1,172,000 after purchasing an additional 51,989 shares in the last quarter. 29.47% of the stock is owned by institutional investors.
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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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