SOHO News and Press, Sotherly Hotels Inc. From 06/06/20

Real Estate Weekly Outlook U.S. equity markets extended their reopening rally this week amid signs that the post-pandemic economic rebound has formed the early contours of a V-shaped recovery following data that showed a stunning rebound in employment growth in May following a dismal March...

Real Estate Weekly Outlook Reopening Revival? U.S. equity markets added to their reopening rally this week, ending May with gains of roughly 4% following a robust rally in April, which was the best month for stock indexes since 1987. Driving the gains over the last two months has been earl...

WILLIAMSBURG, Va., May 28, 2020 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the first quarter 2020 prior to the market opening on Wednesday, June 24, 2020. A conference call for investor...

Looking at lodging-specific REITs, I wouldn’t blame you if the Eagles’ “Hotel California” comes to mind. Do you feel as if, as the song goes, you’ve been “on a dark, desert highway” since late February? Are you seeing shimmering lights in ...

Sotherly Hotels (NASDAQ: SOHO ) takes a number of actions to slash costs in an effort to mitigate the effect of the COVID-19 pandemic on profitability. More news on: Sotherly Hotels Inc., Financial stocks news, Read more ...

WILLIAMSBURG, Va., May 01, 2020 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has undertaken additional actions at both the property and corporate levels to mitigate the financial impact of the COVID-19 pandemic, while a...

WILLIAMSBURG, Va., April 27, 2020 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that, as approved by its board of directors, the Company is deferring payment of the dividends for its Series B Cumulative Redeemable Perpetual Pref...

This is the second report in our newest series: Sector Spotlight. In each article of this series we will provide detailed data and analysis on a specific REIT property sector. Information will be provided for the sector as a whole and for sub-sectors (for property types that contain sub-sector...

REIT Performance The coronavirus-induced stock market collapse, which began on February 24 th , accelerated during March and sent stocks dramatically lower. The REIT sector saw even more severe losses than the broader market. After suffering back to back declines in January and February...

About the Dividend Champions List The Dividend Champions list is a monthly publication tracking companies with a history of consistently increasing their dividends. Wider in scope than the well-known S&P 500 Dividend Aristocrats and Nasdaq Dividend Achievers , the Dividend Champions c...