Braemar Hotels & Resorts (NYSE:BHR) Announces $0.05 Quarterly Dividend

Braemar Hotels & Resorts (NYSE:BHR) declared a quarterly dividend on Monday, October 7th, Zacks reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.05 per share on Wednesday, January 15th. This represents a $0.20 annualized dividend and a yield of 6.45%. The ex-dividend date is Tuesday, December 31st.

Braemar Hotels & Resorts has a dividend payout ratio of -20.6% 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 analysts expect Braemar Hotels & Resorts to earn $0.49 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 40.8%.

Braemar Hotels & Resorts Price Performance

Shares of BHR opened at $3.10 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 4.18. The firm’s fifty day simple moving average is $3.05 and its 200-day simple moving average is $2.86. The firm has a market capitalization of $206.08 million, a price-to-earnings ratio of -2.77 and a beta of 1.99. Braemar Hotels & Resorts has a twelve month low of $1.79 and a twelve month high of $3.95.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st.

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).