Braemar Hotels & Resorts (NYSE:BHR – Get Free Report) declared a quarterly dividend on Thursday, July 11th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.05 per share on Tuesday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Monday, September 30th.
Braemar Hotels & Resorts has a 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 Stock Down 4.7 %
Shares of NYSE BHR opened at $3.28 on Friday. 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 business has a 50-day moving average of $3.15 and a 200-day moving average of $2.80. The firm has a market capitalization of $218.04 million, a price-to-earnings ratio of -2.93 and a beta of 2.00. Braemar Hotels & Resorts has a 12 month low of $1.79 and a 12 month high of $3.95.
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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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