Sotherly Hotels Inc. (NASDAQ:SOHOO – Get Free Report)’s stock price rose 16% during trading on Thursday . The company traded as high as $12.76 and last traded at $12.76. Approximately 150 shares traded hands during trading, a decline of 98% from the average daily volume of 6,634 shares. The stock had previously closed at $11.00.
Sotherly Hotels Trading Down 0.5%
The business’s fifty day moving average is $16.01 and its 200 day moving average is $16.92.
About Sotherly Hotels
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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