1 week Ago By Defense World Staff
Prudential Financial Inc. acquired a new stake in shares of Sotherly Hotels Inc. ( NASDAQ:SOHO – Free Report ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor acquired 35,400 shares of the real estate investment trust’s stock, valued at approximately $33,000. Prudential Financial Inc. owned approximately 0.
18% of Sotherly Hotels as of its most recent SEC filing. Separately, Thompson Davis & CO. Inc.
increased its holdings in shares of Sotherly Hotels by 21.7% in the 4th quarter. Thompson Davis & CO.
Inc. now owns 323,201 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 57,666 shares during the last quarter. Institutional investors own 27.
54% of the company’s stock. Wall Street Analyst Weigh In Separately, StockNews.com assumed coverage on Sotherly Hotels in a research note on Saturday, April 5th.
They set a “hold” rating on the stock. Sotherly Hotels Price Performance Shares of NASDAQ:SOHO opened at $0.65 on Friday.
The company has a market cap of $13.08 million, a PE ratio of -1.97 and a beta of 1.
06. Sotherly Hotels Inc. has a fifty-two week low of $0.
59 and a fifty-two week high of $1.54. The firm has a 50-day simple moving average of $0.
77 and a 200 day simple moving average of $0.95. The company has a quick ratio of 1.
51, a current ratio of 1.51 and a debt-to-equity ratio of 7.16.
Sotherly Hotels Profile ( Free Report ) 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. Read More Five stocks we like better than Sotherly Hotels Which Wall Street Analysts are the Most Accurate? JPMorgan is a Buy, if You Can Handle The Volatility How to Evaluate a Stock Before Buying United States Steel’s Crash: An Unmissable Buying Opportunity Most active stocks: Dollar volume vs share volume Rocket Lab Stock: Weathering the Storm, Time for a Comeback? Receive News & Ratings for Sotherly Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sotherly Hotels and related companies with MarketBeat.
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