Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report)’s stock price fell 7.6% during mid-day trading on Friday . The stock traded as low as $16.87 and last traded at $16.12. 202 shares traded hands during trading, a decline of 87% from the average session volume of 1,604 shares. The stock had previously closed at $17.44.
Sotherly Hotels Trading Down 7.6 %
The company has a fifty day moving average of $17.10 and a 200-day moving average of $17.52.
Sotherly Hotels Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.00 annualized dividend and a dividend yield of 12.41%.
About Sotherly Hotels
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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