BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) Plans Quarterly Dividend of $0.05

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) announced a quarterly dividend on Friday, October 10th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.05 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

BRAEMAR HOTELS & RESORTS has decreased its dividend by an average of 0.2%annually over the last three years. BRAEMAR HOTELS & RESORTS has a dividend payout ratio of -13.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect BRAEMAR HOTELS & RESORTS to earn $0.42 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 47.6%.

BRAEMAR HOTELS & RESORTS Price Performance

Shares of BHR stock opened at $2.94 on Monday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 1.64 and a current ratio of 1.64. BRAEMAR HOTELS & RESORTS has a fifty-two week low of $1.80 and a fifty-two week high of $3.34. The firm has a market cap of $200.23 million, a P/E ratio of -3.37 and a beta of 0.80. The business’s 50 day moving average price is $2.71 and its 200-day moving average price is $2.60.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.08). BRAEMAR HOTELS & RESORTS had a negative net margin of 1.04% and a negative return on equity of 3.27%. The company had revenue of $143.56 million for the quarter, compared to analysts’ expectations of $142.62 million. On average, equities research analysts anticipate that BRAEMAR HOTELS & RESORTS will post 0.31 earnings per share for the current year.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.

The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.