StockNews.com downgraded shares of Braemar Hotels & Resorts (NYSE:BHR – Free Report) from a hold rating to a sell rating in a research report released on Wednesday morning.
Braemar Hotels & Resorts Stock Down 0.3 %
Shares of NYSE:BHR opened at $3.25 on Wednesday. The firm has a market capitalization of $216.05 million, a P/E ratio of -2.90 and a beta of 2.00. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a 50 day moving average price of $3.18 and a 200-day moving average price of $2.75. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95.
Braemar Hotels & Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 6.15%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is currently -17.86%.
Institutional Investors Weigh In On Braemar Hotels & Resorts
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).
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