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

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Get Free Report) announced a quarterly dividend on Monday, July 14th, Wall Street Journal reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.05 per share on Wednesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend is Tuesday, September 30th.

BRAEMAR HOTELS & RESORTS has a 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. 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 0.9%

BRAEMAR HOTELS & RESORTS stock traded up $0.02 during mid-day trading on Thursday, reaching $2.56. 8,548 shares of the company's stock were exchanged, compared to its average volume of 279,527. The company has a market cap of $171.85 million, a P/E ratio of -2.98 and a beta of 1.13. BRAEMAR HOTELS & RESORTS has a twelve month low of $1.80 and a twelve month high of $3.95. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 5.14. The company has a fifty day moving average of $2.37 and a 200-day moving average of $2.47.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BRAEMAR HOTELS & RESORTS stock. Strs Ohio acquired a new position in shares of BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,700 shares of the company's stock, valued at approximately $32,000. Hedge funds and other institutional investors own 64.79% of the company's stock.

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).