Sotherly Hotels (NASDAQ:SOHOB) Shares Up 0.2% – Here’s What Happened

Sotherly Hotels Inc. (NASDAQ:SOHOB)’s stock price traded up 0.2% during trading on Thursday . The company traded as high as $18.64 and last traded at $18.6150. 11,812 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 14,434 shares. The stock had previously closed at $18.58.

Sotherly Hotels Stock Up 0.2%

The company has a fifty day moving average of $18.00 and a two-hundred day moving average of $15.54.

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.