Braemar Hotels & Resorts (NYSE:BHR) announced a quarterly dividend on Monday, December 9th, Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.16 per share on Wednesday, January 15th. This represents a $0.64 annualized dividend and a dividend yield of 6.74%. The ex-dividend date is Monday, December 30th. This is a boost from Braemar Hotels & Resorts’s previous quarterly dividend of $0.16.
Shares of BHR stock traded up $0.08 on Monday, reaching $9.49. 81,798 shares of the stock were exchanged, compared to its average volume of 185,112. The company has a market capitalization of $313.28 million, a price-to-earnings ratio of 6.12 and a beta of 1.13. The business’s 50 day moving average price is $9.54 and its 200 day moving average price is $9.56. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.16. Braemar Hotels & Resorts has a twelve month low of $7.89 and a twelve month high of $14.03.
Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.37) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.20). The business had revenue of $118.88 million during the quarter, compared to analyst estimates of $116.33 million. Braemar Hotels & Resorts had a negative net margin of 5.86% and a negative return on equity of 7.26%. Equities research analysts forecast that Braemar Hotels & Resorts will post 1.24 earnings per share for the current year.
Braemar Hotels & Resorts Company Profile
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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