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

Braemar Hotels & Resorts (NYSE:BHR) declared a quarterly dividend on Tuesday, January 14th,Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.05 per share on Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Monday, March 31st.

Braemar Hotels & Resorts Stock Up 5.4 %

Shares of BHR stock opened at $2.71 on Thursday. 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 one year low of $1.79 and a one year high of $3.95. The company’s fifty day moving average price is $3.27 and its 200-day moving average price is $3.16. The company has a market capitalization of $180.27 million, a price-to-earnings ratio of -3.52 and a beta of 2.08.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $148.40 million for the quarter, compared to analysts’ expectations of $157.78 million. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. During the same period last year, the firm earned ($0.08) earnings per share. Sell-side analysts expect that Braemar Hotels & Resorts will post 0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Braemar Hotels & Resorts

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).