Sotherly Hotels (NASDAQ:SOHO) Shares Pass Below Two Hundred Day Moving Average of $1.46

Sotherly Hotels Inc. (NASDAQ:SOHO)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.46 and traded as low as $1.16. Sotherly Hotels shares last traded at $1.17, with a volume of 34,730 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Sotherly Hotels in a research note on Thursday. They issued a “hold” rating for the company.

Sotherly Hotels Stock Performance

The company has a debt-to-equity ratio of 6.63, a current ratio of 1.38 and a quick ratio of 1.38. The company’s 50-day moving average price is $1.37 and its two-hundred day moving average price is $1.46. The company has a market capitalization of $23.42 million, a price-to-earnings ratio of -5.62 and a beta of 1.63.

Hedge Funds Weigh In On Sotherly Hotels

A number of hedge funds have recently added to or reduced their stakes in SOHO. Susquehanna International Group LLP bought a new stake in shares of Sotherly Hotels during the 4th quarter worth $356,000. Renaissance Technologies LLC grew its position in Sotherly Hotels by 214.8% during the third quarter. Renaissance Technologies LLC now owns 193,014 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 131,700 shares during the period. Citadel Advisors LLC bought a new position in Sotherly Hotels during the fourth quarter valued at about $53,000. Geode Capital Management LLC grew its position in Sotherly Hotels by 27.9% during the second quarter. Geode Capital Management LLC now owns 124,782 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 27,212 shares during the period. Finally, Vanguard Group Inc. grew its position in Sotherly Hotels by 4.2% during the third quarter. Vanguard Group Inc. now owns 666,240 shares of the real estate investment trust’s stock valued at $1,126,000 after buying an additional 27,062 shares during the period. Institutional investors and hedge funds own 27.54% of the company’s stock.

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.