Sotherly Hotels Inc. (NASDAQ:SOHOO – Get Free Report) shot up 3.1% on Wednesday . The stock traded as high as $3.31 and last traded at $3.31. 400 shares changed hands during trading, a decline of 92% from the average session volume of 5,193 shares. The stock had previously closed at $3.21.
Sotherly Hotels Stock Performance
The firm has a 50 day moving average price of $2.84 and a 200-day moving average price of $8.92.
Sotherly Hotels Company Profile
Sotherly Hotels, Inc is a real estate investment trust (REIT) that acquires, owns and operates upper-upscale and upscale hotels under long-term, triple-net lease agreements. The company focuses on branded lodging properties in leisure-oriented and coastal markets, partnering with leading hotel operators to deliver consistent guest experiences and stable income streams. Its portfolio is geographically concentrated in the Southeastern United States, where tourism and travel demand support sustainable occupancy levels and growth potential.
Originally formed as a private REIT in 2012, Sotherly Hotels transitioned to a publicly traded company in December 2017, listing its shares on the NASDAQ under the ticker SOHOO.
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