Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report)’s stock price rose 0.5% during mid-day trading on Friday . The company traded as high as $17.04 and last traded at $16.97. Approximately 19,943 shares were traded during mid-day trading, an increase of 257% from the average daily volume of 5,594 shares. The stock had previously closed at $16.88.
Sotherly Hotels Stock Performance
The firm has a 50 day moving average of $16.96 and a 200 day moving average of $14.75.
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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