Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report)’s stock price shot up 0.5% on Friday . The company traded as high as $17.04 and last traded at $16.97. 19,943 shares traded hands during trading, an increase of 257% from the average session volume of 5,594 shares. The stock had previously closed at $16.88.
Sotherly Hotels Price Performance
The stock’s 50-day moving average price is $16.96 and its 200-day moving average price is $14.75.
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.
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