Shares of Sotherly Hotels Inc. (NASDAQ:SOHOO – Get Free Report) shot up 0.5% during trading on Friday . The stock traded as high as $16.45 and last traded at $16.58. 2,713 shares traded hands during trading, an increase of 77% from the average session volume of 1,533 shares. The stock had previously closed at $16.50.
Sotherly Hotels Stock Performance
The stock’s 50 day simple moving average is $16.86 and its two-hundred day simple moving average is $17.34.
Sotherly Hotels Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.4922 dividend. This represents a $1.97 annualized dividend and a dividend yield of 11.88%. The ex-dividend date was Friday, February 28th.
Sotherly Hotels Company Profile
Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.
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