Shares of Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report) traded up 0.2% on Thursday . The stock traded as high as $18.64 and last traded at $18.6150. 11,812 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 14,434 shares. The stock had previously closed at $18.58.
Sotherly Hotels Trading Down 0.2%
The business has a fifty day moving average price of $18.04 and a 200-day moving average price of $15.58.
About Sotherly Hotels
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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