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

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. “

Separately, ValuEngine upgraded Sotherly Hotels from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th.

Sotherly Hotels (NASDAQ:SOHO) traded down $0.03 during trading on Thursday, reaching $6.49. The company’s stock had a trading volume of 64,563 shares, compared to its average volume of 49,010. Sotherly Hotels has a 1 year low of $5.57 and a 1 year high of $7.66. The company has a debt-to-equity ratio of 4.46, a quick ratio of 2.78 and a current ratio of 2.78. The company has a market capitalization of $90.13, a PE ratio of 7.33 and a beta of 0.73.

A number of institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $780,000 after purchasing an additional 10,173 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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 valued at $1,273,000 after purchasing an additional 8,900 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 valued at $200,000 after purchasing an additional 17,337 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Sotherly Hotels during the second quarter valued at about $192,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $482,000 after purchasing an additional 30,571 shares in the last quarter. Hedge funds and other institutional investors own 29.39% of the company’s stock.

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About Sotherly Hotels

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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