Braemar Hotels & Resorts Price, Forecast, Insider, Ratings, Fundamentals & Signals

Dallas , may 6, 2024 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company"), reflecting its commitment to creating long-term value for shareholders, today announced notable capital market activities and strategic updates, including: the sale of hilton torrey pines for $165 million, while evaluating the sale of two other hotels, the repayment of its remaining 2024 debt maturities, a $50 million preferred share redemption program, and a $50 million common share buyback authorization the company announced today that it has signed a definitive agreement to sell the 394-room hilton la jolla torrey pines located in la jolla, california for $165 million.  including anticipated capital expenditures of $40 million, the sale price represents a 7...

Recommends shareholders protect their investment by discarding blackwells' illegal white proxy card and waiting to vote until receiving the company's proxy materials and gold proxy card reiterates that braemar is executing its strategy to maximize value for all shareholders dallas , april 11, 2024 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") today sent a letter reminding shareholders to disregard any proxy materials received from activist investor blackwells capital llc ("blackwells") in connection with the company's 2024 annual meeting of stockholders (the "2024 annual meeting"), which is scheduled to be held on wednesday, may 15, 2024. as previously announced on march 25, 2024, braemar's board of directors (the "board") unanimously determined that the blackwells nomination notice was invalid due to blackwells' numerous false statements and material omissions in violation of u...

Dallas , april 10, 2024 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") announced today that its board of directors (the "board") declared a quarterly cash dividend of $0.05 per diluted share for the company's common stock for the second quarter ending june 30, 2024. this dividend, which equates to an annual rate of $0.20 per share, is payable on july 15, 2024, to stockholders of record as of june 28, 2024.

Dallas, march 26, 2024 /prnewswire/ -- braemar hotels & resorts inc. (nyse: bhr) ("braemar" or the "company") today announced details for the release of its results for the first quarter ended march 31, 2024. braemar plans to issue its earnings release for the first quarter after the market closes on wednesday, may 8, 2024, and will host a conference call on thursday, may 9, 2024, at 11:00 a.m.

Board unanimously rejected recent director nomination notice from blackwells due to false statements and material omissions in violation of sec rules and the company's bylaws  files complaint to prevent blackwells from launching an illegal proxy solicitation and spreading confusion and misinformation among braemar's shareholders  complaint details blackwells' plan to take control of the board – in spite of having invested only $20,000 in braemar – in order to sell the company below its intrinsic value to blackwells and its affiliates  braemar remains committed to acting in the best interests of all shareholders to maximize value dallas , march 25, 2024 /prnewswire/ -- braemar hotels & resorts inc...

The headline numbers for Braemar Hotels & Resorts (BHR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Braemar Hotels & Resorts (BHR) came out with quarterly funds from operations (FFO) of $0.42 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.44 per share a year ago.

Inflation is rising, and GDP growth is slowing, posing risks to the US economy. The Federal Reserve may need to choose between fighting inflation and protecting economic growth. REITs with strong balance sheets, such as Realty Income and Prologis, are well positioned to navigate the challenges of higher inflation and rates.

Braemar's dividend coverage is only at 80%, and it has a front-loaded debt repayment schedule. The company saw its AFFO per share dip by 12 cents year-over-year. The collapse of AINC and interest rates remaining higher for longer spell gloom for BHR.

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DALLAS, March 26, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced details for the release of its results for the first quarter ended March 31, 2024. Braemar plans to issue its earnings release for the first quarter after the market closes on Wednesday, May 8, 2024, and will host a conference call on Thursday, May 9, 2024, at 11:00 a.m.

Braemar Hotels & Resorts, Inc. (BHR) Q4 2023 Earnings Call Transcript

Hotel REITs experienced a significant drop in share value during the COVID-19 pandemic but have since recovered and outperformed the Vanguard Real Estate ETF. Consumer spending is shifting towards services like travel and leisure, which bodes well for Hotel REITs. Hotel REITs have posted the fourth-best total returns among REIT sectors in 2024, indicating their potential for future growth.

Although the revenue and EPS for Braemar Hotels & Resorts (BHR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Braemar Hotels & Resorts (BHR) came out with quarterly funds from operations (FFO) of $0.04 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.16 per share a year ago.