trending Market Intelligence /marketintelligence/en/news-insights/trending/hdvnq0pm4cjeezf5rrr7hw2 content esgSubNav
In This List

Sotherly Hotels extends stock repurchase program


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Sotherly Hotels extends stock repurchase program

Sotherly Hotels Inc.'s board authorized the extension of its stock repurchase program through Dec. 31, 2019.

The stock repurchase program authorized the lodging real estate investment trust to buy up to $10.0 million of its outstanding common stock on the open market or in privately negotiated transactions.

Sotherly had repurchased about $5.9 million of common stock under the repurchase program, as of Dec. 12, leaving a balance of about $4.1 million of common shares that may be repurchased.

The REIT had approximately 14.2 million shares outstanding as of Nov. 5, according to a filing.