Equities research analysts expect that Braemar Hotel & Resorts Inc (NYSE:BHR) will report earnings of $0.34 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Braemar Hotel & Resorts’ earnings, with estimates ranging from $0.31 to $0.38. Braemar Hotel & Resorts posted earnings of $0.37 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 8.1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Braemar Hotel & Resorts will report full year earnings of $1.61 per share for the current financial year, with EPS estimates ranging from $1.55 to $1.66. For the next fiscal year, analysts anticipate that the business will post earnings of $1.49 per share, with EPS estimates ranging from $1.33 to $1.71. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Braemar Hotel & Resorts.
Braemar Hotel & Resorts (NYSE:BHR) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $121.12 million during the quarter, compared to analyst estimates of $120.22 million. Braemar Hotel & Resorts had a net margin of 9.30% and a return on equity of 10.61%.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Braemar Hotel & Resorts during the second quarter valued at approximately $25,787,000. LSV Asset Management acquired a new stake in Braemar Hotel & Resorts during the second quarter valued at approximately $12,263,000. Renaissance Technologies LLC acquired a new stake in Braemar Hotel & Resorts during the second quarter valued at approximately $6,462,000. Millennium Management LLC acquired a new stake in Braemar Hotel & Resorts during the second quarter valued at approximately $5,939,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Braemar Hotel & Resorts during the second quarter valued at approximately $5,455,000. 73.82% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:BHR traded up $0.51 during trading on Monday, reaching $11.95. The company had a trading volume of 589,234 shares, compared to its average volume of 212,492. The firm has a market cap of $371.82 million, a P/E ratio of 7.38 and a beta of 0.81. Braemar Hotel & Resorts has a twelve month low of $8.44 and a twelve month high of $12.10. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 2.61.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.36%. The ex-dividend date is Thursday, September 27th. Braemar Hotel & Resorts’s dividend payout ratio is presently 39.51%.
About Braemar Hotel & 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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Braemar Hotel & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braemar Hotel & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.