Braemar Hotels & Resorts (BHR) Announces $0.16 Quarterly Dividend

Braemar Hotels & Resorts (NYSE:BHR) declared a quarterly dividend on Wednesday, March 13th, NASDAQ reports. Investors of record on Friday, March 29th will be paid a dividend of 0.16 per share on Monday, April 15th. This represents a $0.64 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Thursday, March 28th.

Shares of BHR stock opened at $11.44 on Thursday. The firm has a market capitalization of $377.58 million, a P/E ratio of 6.96, a PEG ratio of 1.37 and a beta of 1.04. The company has a quick ratio of 4.17, a current ratio of 4.49 and a debt-to-equity ratio of 2.54. Braemar Hotels & Resorts has a 1 year low of $8.32 and a 1 year high of $13.74.

Braemar Hotels & Resorts (NYSE:BHR) last issued its earnings results on Wednesday, February 27th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.19). Braemar Hotels & Resorts had a return on equity of 0.35% and a net margin of 0.31%. Analysts forecast that Braemar Hotels & Resorts will post 1.4 EPS for the current fiscal year.



A number of brokerages recently issued reports on BHR. Zacks Investment Research lowered Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. ValuEngine lowered Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $14.50.

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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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