LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report)’s share price rose 6.3% during mid-day trading on Friday . The stock traded as high as $8.50 and last traded at $8.50. Approximately 490 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 5,946 shares. The stock had previously closed at $8.00.
LuxUrban Hotels Stock Performance
The stock’s 50-day moving average is $10.34 and its 200-day moving average is $13.45.
LuxUrban Hotels Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.2708 per share. The ex-dividend date was Wednesday, January 15th. This represents a $3.25 annualized dividend and a dividend yield of 38.23%.
About LuxUrban Hotels
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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