Sotherly Hotels (NASDAQ:SOHO) Now Covered by StockNews.com

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

Sotherly Hotels Stock Down 3.7 %

SOHO opened at $1.29 on Friday. Sotherly Hotels has a one year low of $1.13 and a one year high of $2.50. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. The stock’s fifty day moving average is $1.36 and its 200-day moving average is $1.45. The company has a market capitalization of $25.61 million, a PE ratio of -6.14 and a beta of 1.63.

Hedge Funds Weigh In On Sotherly Hotels

A hedge fund recently raised its stake in Sotherly Hotels stock. J.W. Cole Advisors Inc. increased its stake in Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,650 shares of the real estate investment trust’s stock after acquiring an additional 8,050 shares during the quarter. J.W. Cole Advisors Inc. owned approximately 0.27% of Sotherly Hotels worth $80,000 at the end of the most recent quarter. 27.54% of the stock is currently 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.