Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report)’s stock price was up 14.6% during trading on Thursday . The stock traded as high as $10.00 and last traded at $10.00. 950 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 8,385 shares. The stock had previously closed at $8.7250.
Sotherly Hotels Stock Performance
The stock has a 50-day moving average of $12.17 and a 200 day moving average of $15.35.
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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