StockNews.com upgraded shares of Braemar Hotels & Resorts (NYSE:BHR – Free Report) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.
Braemar Hotels & Resorts Stock Performance
Shares of Braemar Hotels & Resorts stock opened at $3.04 on Tuesday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68. The business’s 50 day moving average price is $3.10 and its 200 day moving average price is $2.83. The company has a market cap of $202.09 million, a price-to-earnings ratio of -2.71 and a beta of 2.00. Braemar Hotels & Resorts has a one year low of $1.79 and a one year high of $3.95.
Braemar Hotels & Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend is Monday, September 30th. Braemar Hotels & Resorts’s dividend payout ratio is currently -17.86%.
Hedge Funds Weigh In On Braemar Hotels & Resorts
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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