Sotherly Hotels (NASDAQ:SOHOB) Stock Jumps 1.5% – What’s Next?

Sotherly Hotels Inc. (NASDAQ:SOHOB) shares shot up 1.5% during mid-day trading on Thursday. The company traded as high as $3.35 and last traded at $3.35. 100 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 7,205 shares. The stock had previously closed at $3.30.

Sotherly Hotels Stock Performance

The business’s 50-day moving average price is $2.72 and its two-hundred day moving average price is $9.49.

About Sotherly Hotels

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.