LuxUrban Hotels (NASDAQ:LUXHP) Trading Up 4.7% – What’s Next?

LuxUrban Hotels Inc. (NASDAQ:LUXHP) traded up 4.7% during trading on Tuesday . The company traded as high as $15.10 and last traded at $14.97. 14,989 shares were traded 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 Up 4.7 %

The business’s 50 day simple moving average is $15.14 and its 200 day simple moving average is $15.35.

LuxUrban Hotels Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.2708 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.25 dividend on an annualized basis and a yield of 21.71%.

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.