Braemar Hotels & Resorts (BHR) to Issue Quarterly Dividend of $0.05 on April 15th

Braemar Hotels & Resorts (NYSE:BHR) announced a quarterly dividend on Tuesday, January 14th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Monday, March 31st.

Braemar Hotels & Resorts Stock Performance

BHR stock opened at $2.71 on Thursday. The company has a market cap of $180.27 million, a P/E ratio of -3.52 and a beta of 2.08. 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 1 year low of $1.79 and a 1 year high of $3.95. The stock’s fifty day moving average price is $3.27 and its 200-day moving average price is $3.16.

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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).