BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) to Issue Quarterly Dividend of $0.05

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

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 fifty day simple moving average is $2.71 and its 200 day simple moving average is $2.60. The company has a market cap of $200.23 million, a price-to-earnings ratio of -3.37 and a beta of 0.80. BRAEMAR HOTELS & RESORTS has a 1-year low of $1.80 and a 1-year high of $3.34.

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

Institutional Trading of BRAEMAR HOTELS & RESORTS

Several institutional investors and hedge funds have recently modified their holdings of BHR. HighTower Advisors LLC bought a new position in BRAEMAR HOTELS & RESORTS in the 1st quarter valued at approximately $25,000. Strs Ohio bought a new stake in shares of BRAEMAR HOTELS & RESORTS in the 1st quarter valued at $32,000. BNP Paribas Financial Markets grew its holdings in BRAEMAR HOTELS & RESORTS by 94.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock worth $34,000 after acquiring an additional 6,062 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in BRAEMAR HOTELS & RESORTS during the third quarter worth approximately $38,000. Finally, Franklin Resources Inc. acquired a new stake in shares of BRAEMAR HOTELS & RESORTS during the 3rd quarter worth approximately $42,000. 64.79% of the stock is currently owned by institutional investors.

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.