Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) was up 3.7% during trading on Monday . The stock traded as high as $8.65 and last traded at $8.5025. Approximately 750 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 8,113 shares. The stock had previously closed at $8.20.
Sotherly Hotels Stock Up 3.7%
The firm’s 50 day simple moving average is $11.98 and its 200 day simple moving average is $14.40.
About Sotherly Hotels
Sotherly Hotels Inc is a Maryland-based real estate investment trust (REIT) specializing in the ownership and operation of hotel properties across the United States. The company’s primary business activities include acquiring, financing and managing a diversified portfolio of upper-upscale, lifestyle and select-service hotels. Through long-term ownership strategies, Sotherly Hotels seeks to generate stable rental income and capital appreciation by partnering with established hotel operators and brands.
Sotherly Hotels’ revenue streams are derived chiefly from guest room rentals, food and beverage services, event and meeting space rentals, and ancillary amenities.
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