Braemar Hotels & Resorts (NYSE:BHR) Releases Earnings Results, Beats Estimates By $0.02 EPS

Braemar Hotels & Resorts (NYSE:BHR) issued its earnings results on Monday. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02, Zacks reports. The company had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $157.78 million. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.77%. During the same period in the previous year, the company earned ($0.08) EPS.

Braemar Hotels & Resorts Stock Up 5.8 %

Shares of BHR traded up $0.20 during mid-day trading on Wednesday, reaching $3.66. The company had a trading volume of 313,720 shares, compared to its average volume of 299,109. 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 company’s 50 day simple moving average is $3.08 and its 200 day simple moving average is $3.00. Braemar Hotels & Resorts has a 1-year low of $1.79 and a 1-year high of $3.95.

Braemar Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.46%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts’s payout ratio is -25.97%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

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).