Sotherly Hotels Inc. (NASDAQ:SOHO – Get Free Report) 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.
View Our Latest Research Report on SOHO
Sotherly Hotels Trading Down 1.7 %
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.
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