Sotherly Hotels Director Unloads $24,486 in Stock (SOHO)
Sotherly Hotels (NASDAQ:SOHO) Director Kim Sims sold 5,300 shares of Sotherly Hotels stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $4.62, for a total value of $24,486.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Sotherly Hotels (NASDAQ:SOHO) traded down 0.43% on Friday, hitting $4.63. The stock had a trading volume of 8,496 shares. Sotherly Hotels has a 52 week low of $2.88 and a 52 week high of $4.81. The stock has a 50-day moving average of $4.46 and a 200-day moving average of $4.33. The company’s market cap is $47.0 million.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 10th. Stockholders of record on Friday, December 13th will be given a dividend of $0.05 per share. This represents a $0.18 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from Sotherly Hotels’s previous quarterly dividend of $0.04.
SoTHERLY Hotels Inc, formerly MHI Hospitality Corporation, is a self-managed and self-administered real estate investment trust (NASDAQ:SOHO) that was formed to own, acquire, renovate and reposition primary full-service upper upscale and upscale hotel properties located in primary markets in the Mid-Atlantic and Southern United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.