BRAEMAR HOTELS & RESORTS INC. (BHR) To Go Ex-Dividend on December 31st

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) declared a quarterly dividend on Friday, October 10th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.05 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Wednesday, December 31st.

BRAEMAR HOTELS & RESORTS has decreased its dividend by an average of 0.2%per year over the last three years. BRAEMAR HOTELS & RESORTS has a dividend payout ratio of -13.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect BRAEMAR HOTELS & RESORTS to earn $0.42 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 47.6%.

BRAEMAR HOTELS & RESORTS Stock Up 2.0%

Shares of BHR opened at $2.94 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 5.64. The company’s 50-day moving average price is $2.71 and its 200 day moving average price is $2.60. BRAEMAR HOTELS & RESORTS has a 12-month low of $1.80 and a 12-month high of $3.34. The firm has a market cap of $200.50 million, a P/E ratio of -3.37 and a beta of 0.80.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The business had revenue of $143.56 million during the quarter, compared to analyst estimates of $142.62 million. BRAEMAR HOTELS & RESORTS had a negative net margin of 1.04% and a negative return on equity of 3.27%. On average, sell-side analysts forecast that BRAEMAR HOTELS & RESORTS will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About BRAEMAR HOTELS & RESORTS

Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.

The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.