Sotherly Hotels (NASDAQ:SOHOB) Shares Down 1.5% – Time to Sell?

Sotherly Hotels Inc. (NASDAQ:SOHOB) traded down 1.5% during trading on Friday . The stock traded as low as $16.93 and last traded at $16.97. 2,818 shares changed hands during trading, an increase of 20% from the average session volume of 2,352 shares. The stock had previously closed at $17.23.

Sotherly Hotels Stock Down 1.7 %

The stock has a fifty day simple moving average of $17.95 and a two-hundred day simple moving average of $18.27.

Sotherly Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.81%.

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.