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SOHON - Sotherly Hotels: An Overlooked And Undervalued Hotel REIT With A 7.5%+ Yield
Sotherly Hotels Inc. 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock
Sotherly Hotels (SOHO) is a micro-cap hotel REIT that trades at $6.65/share and has paid a quarterly dividend of $0.13/share the past two quarters which annualized equates to a 7.8% dividend yield. But what is more noteworthy is that the company has increased the dividend in 11 of the past 15 quarters, and at a CAGR of 3.5%/quarter, which is highly unusual for any stock.