Braemar Hotels & Resorts (NYSE:BHR - Get Free Report) announced a quarterly dividend on Tuesday, January 14th,Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.05 per share on Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date of this dividend is Monday, March 31st.
Braemar Hotels & Resorts Stock Performance
Shares of NYSE BHR traded down $0.05 during trading on Tuesday, reaching $2.57. 263,108 shares of the company traded hands, compared to its average volume of 389,113. The firm has a 50 day simple moving average of $3.27 and a 200-day simple moving average of $3.16. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95. The stock has a market capitalization of $170.96 million, a PE ratio of -3.34 and a beta of 2.08. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 4.44.
Braemar Hotels & Resorts (NYSE:BHR - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The company had revenue of $148.40 million for the quarter, compared to analysts' expectations of $157.78 million. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. During the same quarter last year, the company posted ($0.08) earnings per share. Equities research analysts anticipate that Braemar Hotels & Resorts will post 0.43 earnings per share for the current year.
Analysts Set New Price Targets
Separately, StockNews.com raised Braemar Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Thursday, November 7th.
Check Out Our Latest Stock Report on BHR
Braemar Hotels & Resorts Company Profile
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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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