Analysts expect that Braemar Hotel & Resorts Inc (NYSE:BHR) will announce sales of $110.46 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Braemar Hotel & Resorts’ earnings. The highest sales estimate is $116.50 million and the lowest is $105.20 million. Braemar Hotel & Resorts posted sales of $108.12 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, October 31st.
On average, analysts expect that Braemar Hotel & Resorts will report full year sales of $437.70 million for the current financial year, with estimates ranging from $425.15 million to $452.05 million. For the next financial year, analysts anticipate that the firm will post sales of $451.40 million, with estimates ranging from $428.63 million to $491.01 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Braemar Hotel & Resorts.
Braemar Hotel & Resorts (NYSE:BHR) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.09. Braemar Hotel & Resorts had a return on equity of 10.61% and a net margin of 9.30%. The company had revenue of $121.12 million for the quarter, compared to analysts’ expectations of $120.22 million.
A number of institutional investors have recently added to or reduced their stakes in BHR. Spirit of America Management Corp NY bought a new position in Braemar Hotel & Resorts in the second quarter valued at about $267,000. RMR Advisors LLC bought a new position in Braemar Hotel & Resorts in the second quarter valued at about $1,748,000. BNP Paribas Arbitrage SA bought a new position in Braemar Hotel & Resorts in the second quarter valued at about $105,000. State of New Jersey Common Pension Fund D bought a new position in Braemar Hotel & Resorts in the second quarter valued at about $3,467,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Braemar Hotel & Resorts in the second quarter valued at about $699,000. Hedge funds and other institutional investors own 74.02% of the company’s stock.
Shares of NYSE BHR traded down $0.21 during mid-day trading on Tuesday, reaching $10.31. The company had a trading volume of 90,827 shares, compared to its average volume of 221,765. The company has a debt-to-equity ratio of 2.61, a quick ratio of 4.62 and a current ratio of 4.62. Braemar Hotel & Resorts has a one year low of $8.44 and a one year high of $12.10. The stock has a market capitalization of $335.10 million, a P/E ratio of 6.36 and a beta of 0.81.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend was Thursday, September 27th. Braemar Hotel & Resorts’s payout ratio is currently 39.51%.
Braemar Hotel & 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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