Shares of LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report) traded down 10.7% on Monday . The company traded as low as $7.06 and last traded at $7.99. 1,657 shares were traded 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 business has a 50 day moving average of $8.12 and a 200 day moving average of $12.72.
LuxUrban Hotels Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a $0.2708 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.25 dividend on an annualized basis and a yield of 40.68%.
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.
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