Braemar Hotels & Resorts to Issue Quarterly Dividend of $0.05 (NYSE:BHR)

Braemar Hotels & Resorts (NYSE:BHRGet Free Report) declared a quarterly dividend on Tuesday, January 14th,Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.05 per share on Tuesday, April 15th. This represents a $0.20 annualized dividend and a dividend yield of 7.78%. The ex-dividend date is Monday, March 31st.

Braemar Hotels & Resorts Price Performance

Braemar Hotels & Resorts stock traded down $0.05 during mid-day trading on Tuesday, hitting $2.57. 263,108 shares of the company were exchanged, compared to its average volume of 382,805. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month high of $3.95. The business’s 50 day simple moving average is $3.27 and its two-hundred day simple moving average is $3.16. The company has a market capitalization of $170.96 million, a P/E ratio of -3.34 and a beta of 2.08.

Braemar Hotels & Resorts (NYSE:BHRGet Free Report) last announced its earnings results on Monday, November 11th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $148.40 million during the quarter, compared to the consensus estimate of $157.78 million. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. During the same quarter in the previous year, the company posted ($0.08) EPS. Analysts forecast that Braemar Hotels & Resorts will post 0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th.

View Our Latest Stock Report on Braemar Hotels & Resorts

About Braemar Hotels & Resorts

(Get Free Report)

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

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Dividend History for Braemar Hotels & Resorts (NYSE:BHR)

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