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

StockNews.com assumed coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a research note released on Tuesday. The firm issued a hold rating on the real estate investment trust’s stock.

Separately, Piper Sandler lowered their price target on Sotherly Hotels from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Tuesday, September 3rd.

Sotherly Hotels Stock Down 4.9 %

SOHO stock opened at $1.16 on Tuesday. The stock has a market capitalization of $23.02 million, a price-to-earnings ratio of -4.83 and a beta of 1.66. Sotherly Hotels has a 52-week low of $1.05 and a 52-week high of $1.67. The stock’s fifty day simple moving average is $1.23 and its 200-day simple moving average is $1.26.

Sotherly Hotels Company 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.