LuxUrban Hotels (NASDAQ:LUXHP) Trading Down 10.7% – Should You Sell?

LuxUrban Hotels Inc. (NASDAQ:LUXHP)’s share price was 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 mid-day 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 fifty day moving average price of $7.98 and a two-hundred day moving average price of $12.66.

LuxUrban Hotels Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a dividend of $0.2708 per share. 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.