Sotherly Hotels Inc (SOHO) was Initiated by Sandler O’Neill to “Hold”. Sandler O’Neill advised their investors in a research report released on Sep 28, 2016.
Sotherly Hotels Inc opened for trading at $5.45 and hit $5.57 on the upside on Tuesday, eventually ending the session at $5.45, with a gain of 0.37% or 0.02 points. The heightened volatility saw the trading volume jump to 28,359 shares. Company has a market cap of $81 M.
In a different news, on Jan 4, 2016, Andrew Sims (CEO) purchased 15,000 shares at $6.25 per share price. According to the SEC, on Dec 30, 2015, David R Folsom (COO) purchased 6,195 shares at $6.12 per share price. On May 19, 2015, Anthony E Domalski (Chief Financial Officer) sold 7,000 shares at $8.31 per share price, according to the Form-4 filing with the securities and exchange commission.
Sotherly Hotels Inc. is a self-managed and self-administered lodging real estate investment trust (REIT). The Company operates hotels under the brands such as Hilton Crowne Plaza Sheraton and Holiday Inn. The Company conducts its business through Sotherly Hotels LP its operating partnership of which the Company is the general partner. As of December 31 2014 the Company’s portfolio consisted of 12 full-service primarily upscale and upper-upscale hotels located in eight states with an aggregate of 3009 rooms and approximately 160928 square feet of meeting space. As of December 31 2014 the Company’s portfolio consisted of 11 hotels wholly owned by subsidiaries of the operating partnership 10 operate under the Hilton Crowne Plaza DoubleTree Sheraton and Holiday Inn brands and one is an independent hotel. The Company also owns a 25% indirect non-controlling interest in the 311-room Crowne Plaza Hollywood Beach Resort through a joint venture with The Carlyle Group.