LuxUrban Hotels (NASDAQ:LUXHP) Stock Price Down 7.3% – Here’s What Happened

LuxUrban Hotels Inc. (NASDAQ:LUXHP) shares were down 7.3% during mid-day trading on Thursday . The company traded as low as $5.59 and last traded at $5.75. Approximately 5,604 shares changed 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 Stock Down 7.3 %

The company has a 50-day simple moving average of $12.95 and a 200 day simple moving average of $14.24.

LuxUrban Hotels Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $0.2708 per share. This represents a $3.25 dividend on an annualized basis and a yield of 56.56%. The ex-dividend date 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.