ValuEngine upgraded shares of Braemar Hotel & Resorts (NYSE:BHR) from a sell rating to a hold rating in a research note released on Tuesday morning.
Shares of BHR stock opened at $11.42 on Tuesday. Braemar Hotel & Resorts has a 52 week low of $8.44 and a 52 week high of $11.45. The company has a market capitalization of $368.61 million, a PE ratio of 7.00 and a beta of 0.83. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.97 and a quick ratio of 3.97.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.60%. Braemar Hotel & Resorts’s dividend payout ratio is presently 39.51%.
In other news, insider Mark Nunneley sold 97,603 shares of Braemar Hotel & Resorts stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $10.75, for a total value of $1,049,232.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 10.20% of the company’s stock.
Braemar Hotel & 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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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