LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report)’s stock price was down 7.3% during mid-day trading on Thursday . The stock traded as low as $5.59 and last traded at $5.75. Approximately 5,604 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 7,308 shares. The stock had previously closed at $6.20.
LuxUrban Hotels Price Performance
The company’s 50-day moving average is $12.95 and its 200-day moving average is $14.24.
LuxUrban Hotels Announces Dividend
The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a $0.2708 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 56.56%.
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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