Sotherly Hotels Inc. (NASDAQ:SOHOB – Get Free Report)’s stock price shot up 0.5% on Friday . The company traded as high as $17.04 and last traded at $16.97. 19,943 shares traded hands during trading, an increase of 257% from the average session volume of 5,594 shares. The stock had previously closed at $16.88. Get Sotherly Hotels alerts: Sotherly Hotels Price PerformanceThe stock’s 50-day moving average price is $16.96 and its 200-day moving average price is $14.75. Sotherly Hotels Company Profile (Get Free ...

Core Viewpoint - Four Corners Property Trust (FCPT) is actively expanding its portfolio through strategic acquisitions, which are expected to enhance future revenue growth and secure long-term cash flows [3][5]. Group 1: Recent Acquisitions - FCPT acquired the Christian Brothers Automotive property through a sale-leaseback for $4.3 million, located in a high-traffic retail corridor in Illinois, under a long-term lease guaranteed by the corporate entity [1]. - The company also acquired an automotive service property for $5.3 million, leased to a national operator, located in a highly trafficked corridor in Arkansas, priced at a 6.8% cap rate [2]. - In addition to the above, FCPT acquired four Christian Brothers Automotive properties for $16.9 million and a Caliber Collision property for $4.2 million this week [5]. Group 2: Strategic Focus - These acquisitions reflect FCPT's strategy to build a resilient portfolio capable of withstanding various economic cycles [6]. - The company has a history of acquiring high-quality, net-leased restaurant and retail properties, indicating a consistent approach to growth [4]. Group 3: Market Performance - Over the past three months, FCPT's shares have declined by 4.4%, compared to a 3.3% decline in the industry, suggesting some challenges in the current market environment [6].