LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report) shot up 0.5% during trading on Wednesday . The company traded as high as $15.34 and last traded at $15.34. 2,057 shares changed hands during 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 $15.14 and a 200 day moving average price of $14.81.
LuxUrban Hotels Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were issued a $0.2708 dividend. This represents a $3.25 annualized dividend and a yield of 21.77%. The ex-dividend date of this dividend was Monday, December 16th.
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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