LuxUrban Hotels Inc. (NASDAQ:LUXHP – Get Free Report) shares were down 10.7% on Monday . The stock traded as low as $7.06 and last traded at $7.99. Approximately 1,657 shares traded hands during trading, a decline of 59% from the average daily volume of 4,060 shares. The stock had previously closed at $8.95.
LuxUrban Hotels Price Performance
The stock has a 50 day moving average of $7.98 and a two-hundred day moving average of $12.66.
LuxUrban Hotels Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.2708 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.25 annualized dividend 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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