Is It Time To Review Stock News? Sotherly Hotels Inc. (NASDAQ: SOHO)

Sotherly Hotels Inc. (NASDAQ: SOHO) stock identified change of 30.02% away from 52-week low price and recently located move of -8.19% off 52-week high price. It has market worth of $100.68M and dividend yield of 7.37%. SOHO stock has been recorded -0.95% away from 50 day moving average and 3.55% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.50% off 20-day moving average.

On July 30, 2019, – Sotherly Hotels Inc. (NASDAQ: SOHO) announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.13 per common share of beneficial interest. The quarterly dividend will be paid on October 11, 2019 to shareholders of record as of September 13, 2019. The common dividend represents an annualized yield of approximately 7.4% percent based on the closing price of the Company’s common shares on July 29, 2019.

The Board of Directors also authorized, and the Company has declared, a regular quarterly cash dividend of $0.50 per share of beneficial interest of the Company’s 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred dividend will be paid on October 15, 2019 to shareholders of record as of October 1, 2019.

The Board of Directors also authorized, and the Company has declared, a regular quarterly cash dividend of $0.4921875 per share of beneficial interest of the Company’s 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock. The Series C preferred dividend will be paid on October 15, 2019 to shareholders of record as of October 1, 2019.

The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.515625 per share of beneficial interest of the Company’s 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock. The Series D preferred dividend will be paid on October 15, 2019 to shareholders of record as of October 1, 2019.

About Sotherly Hotels Inc.

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. Currently, the Company’s portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel. The Company owns hotels that operate under the Hilton Worldwide, Marriott International, and Hyatt Hotels Corporation brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia.

The Financial sector company, Sotherly Hotels Inc. noticed change of 0.71% to $7.06 along volume of 20797 shares in recent session compared to an average volume of 33.76K. The stock observed return of 1.15% in 5 days trading activity. The stock was at 1.44% over one month performance. SOHO’s shares are at 0.00% for the quarter and driving a 3.07% return over the course of the past year and is now at 25.85% since this point in 2018.

The average volatility for the week at 2.86% and for month was at 2.03%. There are 14.26M shares outstanding and 12.34M shares are floated in market. Right now the stock beta is 0.77.

Leave a Reply

Your email address will not be published. Required fields are marked *