Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report) shares were down 9% during mid-day trading on Monday . The stock traded as low as $10.00 and last traded at $10.00. Approximately 411 shares changed hands during trading, a decline of 95% from the average daily volume of 8,543 shares. The stock had previously closed at $10.99.
Sotherly Hotels Stock Performance
The firm has a 50 day moving average price of $14.97 and a 200-day moving average price of $15.37.
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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