Braemar Hotels & Resorts (NYSE:BHR) Issues Earnings Results

Braemar Hotels & Resorts (NYSE:BHR) issued its quarterly earnings data on Monday. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02, Zacks reports. The business had revenue of $148.40 million during the quarter, compared to analysts’ expectations 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 period last year, the company posted ($0.08) EPS.

Braemar Hotels & Resorts Price Performance

Shares of NYSE BHR traded up $0.31 during trading on Wednesday, hitting $3.78. 925,031 shares of the company were exchanged, compared to its average volume of 302,063. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.68 and a quick ratio of 1.68. Braemar Hotels & Resorts has a 1 year low of $1.79 and a 1 year high of $3.95. The firm’s fifty day moving average price is $3.10 and its 200 day moving average price is $3.01. The company has a market cap of $251.12 million, a price-to-earnings ratio of -4.90 and a beta of 2.00.

Braemar Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.30%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is -25.97%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note 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).