J.W. Cole Advisors Inc. Purchases 8,050 Shares of Sotherly Hotels Inc. (NASDAQ:SOHO)

J.W. Cole Advisors Inc. boosted its holdings in Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 53,650 shares of the real estate investment trust’s stock after purchasing an additional 8,050 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Sotherly Hotels were worth $80,000 at the end of the most recent reporting period.

Sotherly Hotels Price Performance

Shares of Sotherly Hotels stock opened at $1.31 on Friday. The firm has a market cap of $26.00 million, a PE ratio of -6.24 and a beta of 1.63. The stock has a 50 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 Inc. has a 12 month low of $1.13 and a 12 month high of $2.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Sotherly Hotels in a report on Friday. They issued a “hold” rating on the stock.

Sotherly Hotels 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.