LuxUrban Hotels (NASDAQ:LUXHP) Stock Price Down 10.7% – Here’s What Happened

LuxUrban Hotels Inc. (NASDAQ:LUXHP) traded down 10.7% during mid-day trading on Monday . The stock traded as low as $7.06 and last traded at $7.99. 1,657 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 4,060 shares. The stock had previously closed at $8.95.

LuxUrban Hotels Stock Down 10.7 %

The company’s fifty day simple moving average is $8.12 and its 200 day simple moving average is $12.72.

LuxUrban Hotels Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a $0.2708 dividend. This represents a $3.25 dividend on an annualized basis and a dividend yield of 40.68%. The ex-dividend date was Wednesday, January 15th.

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.