Sotherly Hotels (NASDAQ:SOHOB) Shares Down 6.8% – Should You Sell?

Sotherly Hotels Inc. (NASDAQ:SOHOB) traded down 6.8% during mid-day trading on Monday . The company traded as low as $11.25 and last traded at $11.25. 416 shares were traded during mid-day trading, a decline of 95% from the average session volume of 9,196 shares. The stock had previously closed at $12.07.

Sotherly Hotels Stock Down 6.8%

The business has a fifty day moving average of $14.13 and a 200-day moving average of $16.28.

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.