LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report)’s stock price was down 7.3% during trading on Thursday . The company traded as low as $5.59 and last traded at $5.75. Approximately 5,604 shares were traded during trading, a decline of 23% from the average daily volume of 7,308 shares. The stock had previously closed at $6.20.
LuxUrban Hotels Stock Up 2.7 %
The stock’s fifty day moving average price is $12.62 and its 200-day moving average price is $14.13.
LuxUrban Hotels Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $0.2708 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $3.25 annualized dividend and a dividend yield of 55.08%.
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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