Zacks Investment Research upgraded Sotherly Hotels Inc (NASDAQ:SOHO) to Hold in a statement released earlier today.
- Updated: January 11, 2017
Boasting a price of $6.80, Sotherly Hotels Inc (NASDAQ:SOHO) traded 1.43% higher on the day. With the last stock price close up 19.83% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.04% over the date range. Sotherly Hotels Inc has recorded a 50-day average of $6.24 and a two hundred day average of $5.69. Volume of trade was down over the average, with 24,053 shares of SOHO changing hands under the typical 72,186
Zacks Investment Research has upgraded Sotherly Hotels Inc (NASDAQ:SOHO) to Hold in a statement released on 1/11/2017.
With a total market value of $0, Sotherly Hotels Inc has with a one year low of $4.59 and a one year high of $7.23 .
Brief Synopsis About Sotherly Hotels Inc (NASDAQ:SOHO)
Sotherly Hotels Inc. is a self-managed and self-administered lodging real estate investment trust. The Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company operates through the hotel ownership segment. The Company conducts its operations through Sotherly Hotels LP, its Operating Partnership, of which the Company is the general partner. Its portfolio consists of approximately 10 full-service, mainly upscale and upper-upscale hotels located in over eight states with an aggregate of approximately 3,010 rooms and approximately 160,930 square feet of meeting space. All of these hotels are owned by subsidiaries of the Operating Partnership, approximately 10 operate under the Hilton, Crowne Plaza, DoubleTree and Sheraton brands, one is an independent hotel, and all are managed on a day to day basis by MHI Hotels Services, LLC, which does business as Chesapeake Hospitality.
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