LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report)’s share price was up 1.8% on Wednesday . The stock traded as high as $20.65 and last traded at $20.35. Approximately 1,627 shares traded hands during trading, a decline of 50% from the average daily volume of 3,232 shares. The stock had previously closed at $20.00.
LuxUrban Hotels Price Performance
The firm’s 50 day moving average price is $21.91.
LuxUrban Hotels Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.2708 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $3.25 annualized dividend and a dividend yield of 15.97%.
LuxUrban Hotels Company Profile
LuxUrban Hotels Inc utilizes an asset light business model to lease entire 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, Washington DC, 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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