StockNews.com lowered shares of Braemar Hotels & Resorts (NYSE:BHR – Free Report) from a hold rating to a sell rating in a report issued on Friday morning.
Braemar Hotels & Resorts Stock Performance
NYSE:BHR opened at $3.12 on Friday. The stock has a 50-day simple moving average of $3.04 and a two-hundred day simple moving average of $2.89. The firm has a market capitalization of $207.41 million, a PE ratio of -2.79 and a beta of 1.99. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68.
Braemar Hotels & Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 annualized dividend and a yield of 6.41%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is currently -17.86%.
Institutional Inflows and Outflows
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).
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