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

Braemar Hotels & Resorts (NYSE:BHR) released its earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02, Zacks reports. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.77%. The firm had revenue of $148.40 million during the quarter, compared to the consensus estimate of $157.78 million. During the same period in the prior year, the firm earned ($0.08) EPS.

Braemar Hotels & Resorts Stock Performance

NYSE:BHR opened at $3.78 on Thursday. The business’s fifty day moving average is $3.10 and its 200 day moving average is $3.01. The firm has a market cap of $251.12 million, a price-to-earnings ratio of -4.90 and a beta of 2.00. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95.

Braemar Hotels & Resorts Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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).