StockNews.com lowered shares of Braemar Hotels & Resorts (NYSE:BHR – Free Report) from a hold rating to a sell rating in a research note issued to investors on Friday.
Braemar Hotels & Resorts Trading Up 4.6 %
NYSE:BHR opened at $3.18 on Friday. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95. The firm has a 50 day moving average of $3.04 and a 200 day moving average of $2.89. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18. The stock has a market capitalization of $211.40 million, a price-to-earnings ratio of -2.84 and a beta of 1.99.
Braemar Hotels & Resorts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a yield of 6.29%. Braemar Hotels & Resorts’s payout ratio is -17.86%.
Institutional Investors Weigh In On Braemar Hotels & Resorts
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).
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