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

Sotherly Hotels Inc. (NASDAQ:SOHO) passed 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.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Sotherly Hotels in a research report on Thursday. They set a “hold” rating on the stock.

Sotherly Hotels Trading Down 1.7 %

The company has a market capitalization of $23.42 million, a price-to-earnings ratio of -5.62 and a beta of 1.63. The company has a 50-day moving average price of $1.37 and a 200-day moving average price of $1.46. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 6.63.

Institutional Investors Weigh In On Sotherly Hotels

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Sotherly Hotels during the first quarter worth approximately $55,000. Renaissance Technologies LLC increased its holdings in shares of Sotherly Hotels by 26.7% in the second quarter. Renaissance Technologies LLC now owns 61,314 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 12,932 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Sotherly Hotels in the second quarter valued at approximately $38,000. State Street Corp increased its holdings in shares of Sotherly Hotels by 69.3% in the second quarter. State Street Corp now owns 17,948 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 7,345 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Sotherly Hotels in the third quarter valued at approximately $28,000. Institutional investors 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.