Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report)’s stock price shot up 10.6% during trading on Thursday . The company traded as high as $15.50 and last traded at $15.50. 158 shares were traded during mid-day trading, a decline of 98% from the average session volume of 9,954 shares. The stock had previously closed at $14.01.
Sotherly Hotels Price Performance
The stock’s 50-day simple moving average is $15.67 and its 200 day simple moving average is $16.81.
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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