Braemar Hotels & Resorts (NYSE:BHR) Posts Earnings Results, Beats Estimates By $0.02 EPS

Braemar Hotels & Resorts (NYSE:BHR) issued its quarterly earnings data on Monday. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02, Zacks reports. The company had revenue of $148.40 million for the quarter, compared to the consensus estimate of $157.78 million. Braemar Hotels & Resorts had a negative return on equity of 0.77% and a negative net margin of 0.30%. During the same quarter last year, the business posted ($0.08) earnings per share.

Braemar Hotels & Resorts Stock Up 9.1 %

Shares of NYSE:BHR opened at $3.78 on Thursday. The stock has a market capitalization of $251.12 million, a P/E ratio of -4.90 and a beta of 2.00. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month high of $3.95. The stock’s 50-day moving average price is $3.10 and its 200-day moving average price is $3.01. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 4.18.

Braemar Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Tuesday, December 31st. Braemar Hotels & Resorts’s payout ratio is presently -25.97%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

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).