Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report)’s stock price traded up 14.6% during mid-day trading on Thursday . The company traded as high as $10.00 and last traded at $10.00. Approximately 950 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 8,385 shares. The stock had previously closed at $8.7250.
Sotherly Hotels Stock Up 14.6%
The firm’s fifty day moving average is $12.29 and its 200-day moving average is $15.39.
Sotherly Hotels Company Profile
Sotherly Hotels, Inc is a publicly traded real estate investment trust (REIT) that invests in and owns a diversified portfolio of hospitality properties throughout the United States. Through its subsidiaries, the company holds interests in full-service and select-service hotels operating under major brand franchises, including Marriott, Hilton, Hyatt and IHG. Its core business activities encompass acquisition, financing, management and disposition of lodging assets, with a focus on generating stable income through long-term lease and management agreements.
Since its formation in early 2019, Sotherly Hotels has pursued a strategy of portfolio expansion and diversification by acquiring properties in key leisure and urban markets.
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