Sotherly Hotels (SOHO) Upgraded at Zacks Investment Research

Sotherly Hotels (NASDAQ:SOHO) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday.

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. “

Other equities analysts have also issued research reports about the stock. TheStreet lowered shares of Sotherly Hotels from a “c” rating to a “d+” rating in a report on Wednesday, August 9th. ValuEngine upgraded shares of Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th.

Sotherly Hotels (NASDAQ:SOHO) opened at $6.76 on Wednesday. The company has a market cap of $93.45, a price-to-earnings ratio of 7.61 and a beta of 0.73. 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 fifty-two week low of $5.57 and a fifty-two week high of $7.66.

A number of hedge funds and other institutional investors have recently made changes to their positions in SOHO. Dimensional Fund Advisors LP raised its stake in Sotherly Hotels by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 121,941 shares of the real estate investment trust’s stock worth $780,000 after buying an additional 10,173 shares during the last quarter. Renaissance Technologies LLC raised its stake in Sotherly Hotels by 4.7% during the first quarter. Renaissance Technologies LLC now owns 198,900 shares of the real estate investment trust’s stock worth $1,273,000 after buying an additional 8,900 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Sotherly Hotels by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 31,318 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 17,337 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Sotherly Hotels during the second quarter worth $192,000. Finally, JPMorgan Chase & Co. raised its stake in Sotherly Hotels by 75.5% during the second quarter. JPMorgan Chase & Co. now owns 71,056 shares of the real estate investment trust’s stock worth $482,000 after buying an additional 30,571 shares during the last quarter. 29.39% of the stock is owned by institutional investors and hedge funds.

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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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