Braemar Hotels & Resorts (NYSE:BHR) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Braemar Hotels & Resorts (NYSE:BHR) released its earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02, Zacks reports. The business 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 0.77%. During the same quarter in the prior year, the firm posted ($0.08) EPS.

Braemar Hotels & Resorts Stock Performance

BHR traded up $0.20 during midday trading on Wednesday, hitting $3.66. The company had a trading volume of 313,720 shares, compared to its average volume of 299,109. The stock’s 50 day moving average price is $3.08 and its 200 day moving average price is $3.00. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 4.18.

Braemar Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Tuesday, December 31st. Braemar Hotels & Resorts’s dividend payout ratio is presently -25.97%.

Analysts Set New Price Targets

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

Braemar Hotels & Resorts Company Profile

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).