Sotherly Hotels Inc. Common Stock
SOHOSotherly Hotels Inc. (SOHO) is an equity real estate investment trust (REIT) focused on the ownership, operation, and repositioning of upscale, select-service hotels primarily in the southeastern United States. The company emphasizes acquiring and managing properties in high-growth markets, aiming to generate stable income and value appreciation through strategic hotel management and asset repositioning.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| January 10, 2020 | $0.13 | 2019-12-12 | 2019-12-13 |
| October 11, 2019 | $0.13 | 2019-09-12 | 2019-09-13 |
| July 11, 2019 | $0.13 | 2019-06-13 | 2019-06-14 |
| April 11, 2019 | $0.12 | 2019-03-14 | 2019-03-15 |
| January 11, 2019 | $0.12 | 2018-12-13 | 2018-12-14 |
Dividends Summary
- Sotherly Hotels Inc. Common Stock has issued 38 dividend payments over the past 12 years
- The most recent dividend was paid 2159 days ago, on January 10, 2020
- The highest dividend payed out to investors during this period was $0.17 per share
- The average dividend paid during this period was $0.08 per share.
Company News
Sotherly Hotels Inc. announced it is deferring preferred stock dividend payments and suspending future preferred stock dividends. The company is being acquired by a joint venture backed by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners for $2.25 per share in cash.
Sotherly Hotels agreed to be acquired by a joint venture led by Kemmons Wilson Hospitality Partners for $2.25 per share, representing a 153% premium to its recent stock price. The deal is expected to close in Q1 2026 with financing from Apollo Global Management and Ascendant Capital Partners.
Sotherly Hotels (SOHO) delivered FFO and revenue surprises of -4.76% and 1.63%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
