Equities research analysts expect Braemar Hotels & Resorts (NYSE:BHR) to report $117.07 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Braemar Hotels & Resorts’ earnings, with the lowest sales estimate coming in at $108.84 million and the highest estimate coming in at $122.84 million. Braemar Hotels & Resorts reported sales of $98.95 million in the same quarter last year, which indicates a positive year-over-year growth rate of 18.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 26th.
On average, analysts expect that Braemar Hotels & Resorts will report full-year sales of $483.00 million for the current fiscal year, with estimates ranging from $474.75 million to $488.76 million. For the next fiscal year, analysts expect that the company will post sales of $512.60 million, with estimates ranging from $497.35 million to $530.69 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Braemar Hotels & Resorts.
Braemar Hotels & Resorts (NYSE:BHR) last issued its earnings results on Wednesday, October 30th. The company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.20). Braemar Hotels & Resorts had a negative return on equity of 7.26% and a negative net margin of 5.86%. The firm had revenue of $118.88 million during the quarter, compared to analysts’ expectations of $116.33 million.
Shares of NYSE BHR traded up $0.09 during mid-day trading on Wednesday, hitting $9.45. The stock had a trading volume of 165,881 shares, compared to its average volume of 91,640. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.89 and a current ratio of 1.89. Braemar Hotels & Resorts has a 1 year low of $7.89 and a 1 year high of $14.03. The business has a 50 day moving average price of $9.57 and a two-hundred day moving average price of $9.46. The firm has a market cap of $313.40 million, a P/E ratio of 7.33 and a beta of 1.13.
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 paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 6.77%. This is an increase from Braemar Hotels & Resorts’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, December 30th. Braemar Hotels & Resorts’s payout ratio is presently 41.29%.
Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its holdings in Braemar Hotels & Resorts by 49.4% in the third quarter. Nisa Investment Advisors LLC now owns 4,186 shares of the company’s stock valued at $39,000 after acquiring an additional 1,384 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Braemar Hotels & Resorts by 39.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock valued at $64,000 after acquiring an additional 1,811 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Braemar Hotels & Resorts in the second quarter valued at $105,000. Susquehanna International Group LLP boosted its holdings in Braemar Hotels & Resorts by 27.1% in the second quarter. Susquehanna International Group LLP now owns 14,364 shares of the company’s stock valued at $142,000 after acquiring an additional 3,064 shares in the last quarter. Finally, Stevens Capital Management LP bought a new stake in Braemar Hotels & Resorts in the second quarter valued at $153,000. Institutional investors and hedge funds own 72.01% of the company’s stock.
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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