LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report) fell 7.3% during trading on Thursday . The company traded as low as $5.59 and last traded at $5.75. 5,604 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 7,308 shares. The stock had previously closed at $6.20.
LuxUrban Hotels Stock Performance
The business has a 50 day simple moving average of $12.62 and a 200 day simple moving average of $14.13.
LuxUrban Hotels Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a $0.2708 dividend. This represents a $3.25 dividend on an annualized basis and a yield of 55.08%. The ex-dividend date of this dividend was Wednesday, January 15th.
LuxUrban Hotels Company Profile
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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