Braemar Hotels & Resorts (NYSE:BHR – Get Free Report) announced a quarterly dividend on Wednesday, April 10th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.05 per share on Monday, July 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date is Friday, June 28th.
Braemar Hotels & Resorts has a dividend payout ratio of -28.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Trading Down 3.7 %
Shares of Braemar Hotels & Resorts stock opened at $2.59 on Wednesday. Braemar Hotels & Resorts has a 1-year low of $1.79 and a 1-year high of $4.16. The company has a debt-to-equity ratio of 4.14, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market cap of $172.18 million, a P/E ratio of -2.31 and a beta of 1.96. The stock’s 50 day simple moving average is $2.74 and its 200-day simple moving average is $2.43.
Wall Street Analysts Forecast Growth
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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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