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

Braemar Hotels & Resorts (NYSE:BHR) issued its earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.27, Zacks reports. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%.

Braemar Hotels & Resorts Price Performance

Shares of BHR traded down $0.12 during trading hours on Wednesday, reaching $2.58. The company had a trading volume of 240,367 shares, compared to its average volume of 233,449. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 4.44. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month high of $3.95. The firm has a 50 day simple moving average of $2.76 and a 200-day simple moving average of $3.03. The company has a market capitalization of $171.29 million, a price-to-earnings ratio of -3.34 and a beta of 2.05.

Braemar Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 7.77%. Braemar Hotels & Resorts’s payout ratio is currently -25.97%.

Analyst Ratings Changes

Separately, StockNews.com raised 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).