Braemar Hotels & Resorts (NYSE:BHR) Posts Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Braemar Hotels & Resorts (NYSE:BHR) issued its quarterly earnings data on Wednesday. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.27, Zacks reports. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%.

Braemar Hotels & Resorts Price Performance

Shares of NYSE:BHR traded down $0.12 on Wednesday, hitting $2.58. The company had a trading volume of 240,367 shares, compared to its average volume of 233,449. The company has a market cap of $171.29 million, a PE ratio of -3.34 and a beta of 2.05. The business has a 50 day moving average of $2.76 and a 200 day moving average of $3.03. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 4.44.

Braemar Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.77%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is -25.97%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

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).