LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report)’s stock price shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as $15.34 and last traded at $15.34. 2,057 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 3,608 shares. The stock had previously closed at $15.27.
LuxUrban Hotels Price Performance
The stock has a 50-day moving average price of $15.15 and a 200-day moving average price of $14.81.
LuxUrban Hotels Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were issued a $0.2708 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $3.25 annualized dividend and a dividend yield of 21.19%.
LuxUrban Hotels Company Profile
LuxUrban Hotels Inc engages in the leasing of entire existing hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.
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