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

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Get Free Report) declared a quarterly dividend on Monday, July 14th, Wall Street Journal reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.05 per share on Wednesday, October 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.05%. The ex-dividend date is Tuesday, September 30th.

BRAEMAR HOTELS & RESORTS has a dividend payout ratio of -13.6% meaning 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 Performance

Shares of BHR stock traded down $0.06 during trading hours on Thursday, reaching $2.49. 122,517 shares of the company's stock were exchanged, compared to its average volume of 279,391. BRAEMAR HOTELS & RESORTS has a fifty-two week low of $1.80 and a fifty-two week high of $3.95. The stock has a market capitalization of $166.62 million, a P/E ratio of -2.89 and a beta of 1.13. The business has a fifty day moving average price of $2.38 and a 200-day moving average price of $2.46. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 5.14.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. BRAEMAR HOTELS & RESORTS had a negative return on equity of 2.60% and a negative net margin of 0.91%. The company had revenue of $218.41 million during the quarter, compared to analyst estimates of $211.64 million. Analysts predict that BRAEMAR HOTELS & RESORTS will post 0.31 EPS for the current fiscal year.

Institutional Trading of BRAEMAR HOTELS & RESORTS

A hedge fund recently raised its stake in BRAEMAR HOTELS & RESORTS stock. Jane Street Group LLC increased its position in shares of BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Free Report) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,519 shares of the company's stock after purchasing an additional 6,942 shares during the period. Jane Street Group LLC owned about 0.15% of BRAEMAR HOTELS & RESORTS worth $248,000 at the end of the most recent reporting period. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded BRAEMAR HOTELS & RESORTS from a "sell" rating to a "hold" rating in a report on Thursday, May 8th.

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).