BRAEMAR HOTELS & RESORTS (NYSE:BHR) Trading Up 2.5% - What's Next?

Key Points

• BRAEMAR HOTELS & RESORTS shares increased by 2.5% during mid-day trading, reaching a last traded price of $2.71, despite a significant drop in trading volume.
• Analysts have issued a "sell (d+)" rating for the stock, contributing to an overall average rating of "Sell" according to MarketBeat.com.
• The company announced a quarterly dividend of $0.05 per share, which represents a 7.4% yield, with payouts scheduled for January 15th to investors on record by December 31st.

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Get Free Report) shares traded up 2.5% during mid-day trading on Monday . The company traded as high as $2.71 and last traded at $2.71. 154,148 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 370,296 shares. The stock had previously closed at $2.64.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of BRAEMAR HOTELS & RESORTS in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".

BRAEMAR HOTELS & RESORTS Trading Up 2.5%

The firm has a 50-day moving average price of $2.65 and a 200-day moving average price of $2.38. The stock has a market capitalization of $184.54 million, a PE ratio of -3.51 and a beta of 1.28. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 5.50.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). BRAEMAR HOTELS & RESORTS had a negative return on equity of 0.22% and a negative net margin of 0.07%.The firm had revenue of $179.08 million during the quarter, compared to analysts' expectations of $166.80 million. As a group, equities analysts forecast that BRAEMAR HOTELS & RESORTS INC. will post 0.31 EPS for the current fiscal year.

BRAEMAR HOTELS & RESORTS Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.20 annualized dividend and a yield of 7.4%. BRAEMAR HOTELS & RESORTS's dividend payout ratio (DPR) is -25.97%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new stake in shares of BRAEMAR HOTELS & RESORTS during the 1st quarter valued at about $25,000. Strs Ohio purchased a new position in shares of BRAEMAR HOTELS & RESORTS during the 1st quarter valued at about $32,000. HB Wealth Management LLC purchased a new position in shares of BRAEMAR HOTELS & RESORTS during the 1st quarter valued at about $58,000. Los Angeles Capital Management LLC purchased a new position in BRAEMAR HOTELS & RESORTS in the 2nd quarter worth approximately $59,000. Finally, MetLife Investment Management LLC increased its stake in BRAEMAR HOTELS & RESORTS by 31.9% in the 1st quarter. MetLife Investment Management LLC now owns 32,760 shares of the company's stock worth $82,000 after purchasing an additional 7,929 shares during the period. 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).

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