Shares of LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report) shot up 4.7% during trading on Tuesday . The company traded as high as $15.10 and last traded at $14.97. 14,989 shares traded 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 Stock Performance
The stock has a 50-day simple moving average of $15.08 and a 200 day simple moving average of $15.34.
LuxUrban Hotels Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.2708 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.25 annualized dividend and a dividend yield of 23.21%.
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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