LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report) shares were up 4.7% during trading on Tuesday . The stock traded as high as $15.10 and last traded at $14.97. 14,989 shares changed hands during mid-day trading, an increase of 316% from the average session volume of 3,604 shares. The stock had previously closed at $14.30.
LuxUrban Hotels Price Performance
The stock has a 50-day moving average price of $15.08 and a 200 day moving average price of $15.34.
LuxUrban Hotels Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.2708 per share. This represents a $3.25 dividend on an annualized basis and a yield of 23.21%. The ex-dividend date is Friday, November 15th.
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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