Shares of Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) traded down 8.1% during mid-day trading on Friday . The stock traded as low as $15.25 and last traded at $15.25. 672 shares traded hands during trading, a decline of 93% from the average session volume of 9,677 shares. The stock had previously closed at $16.60.
Sotherly Hotels Trading Down 8.1%
The firm has a fifty day moving average of $15.69 and a 200-day moving average of $15.68.
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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