Sotherly Hotels Inc. (NASDAQ:SOHON – Get Free Report)’s share price dropped 6.9% during trading on Friday . The stock traded as low as $16.80 and last traded at $17.14. Approximately 1,901 shares changed hands during trading, a decline of 20% from the average daily volume of 2,381 shares. The stock had previously closed at $18.42.
Sotherly Hotels Trading Down 6.9 %
The firm has a 50-day moving average of $17.14 and a 200 day moving average of $17.70.
Sotherly Hotels Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.5156 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 12.03%.
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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