SOTHERLY HOTELS/SH SH Announces Quarterly Dividend of $0.13 (NASDAQ:SOHO)

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SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) declared a quarterly dividend on Monday, October 28th, Zacks reports. Investors of record on Friday, December 13th will be given a dividend of 0.13 per share by the real estate investment trust on Friday, January 10th. This represents a $0.52 annualized dividend and a dividend yield of 7.57%. The ex-dividend date is Thursday, December 12th.

SOHO stock opened at $6.87 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 3.37. SOTHERLY HOTELS/SH SH has a 12-month low of $5.43 and a 12-month high of $7.69. The stock has a market cap of $98.05 million, a price-to-earnings ratio of 6.61 and a beta of 0.73. The business’s 50-day moving average is $6.55 and its 200 day moving average is $6.83.

In other news, CEO Andrew Sims sold 17,751 shares of SOTHERLY HOTELS/SH SH stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $6.76, for a total value of $119,996.76. Following the sale, the chief executive officer now directly owns 344,879 shares of the company’s stock, valued at $2,331,382.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.40% of the company’s stock.

Separately, Zacks Investment Research cut SOTHERLY HOTELS/SH SH from a “hold” rating to a “sell” rating in a report on Friday, November 15th.

About SOTHERLY HOTELS/SH SH

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.

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Dividend History for SOTHERLY HOTELS/SH SH (NASDAQ:SOHO)

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