Braemar Hotels & Resorts Q4 2023 FFO $0.040 Misses $0.070 Estimate, Sales $177.534M Beat $175.473M Estimate

2/29/24 5:14:25 PM ET

Real Estate Investment Trusts

Real Estate

Get the next $BHR alert in real time by email

Braemar Hotels & Resorts (NYSE:BHR) reported quarterly earnings of $0.040 per share which missed the analyst consensus estimate of $0.070 by 42.86 percent. The company reported quarterly sales of $177.534 million which beat the analyst consensus estimate of $175.473 million by 1.17 percent. This is a 3.44 percent increase over sales of $171.622 million the same period last year.

Get the next $BHR alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$BHR

Date	Price Target	Rating	Analyst
8/14/2023	$7.00 → $3.50	Buy → Neutral	B. Riley Securities
7/20/2023		Outperform → Perform	Oppenheimer
4/22/2022	$9.00	Outperform	Oppenheimer
8/2/2021	$12.00 → $14.00	Buy	Deutsche Bank

More analyst ratings

$BHR
Financials

Live finance-specific insights

BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE FOURTH QUARTER OF 2024
DALLAS, Oct. 7, 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 fourth quarter ending December 31, 2024. This dividend, which equates to an annual rate of $0.20 per share, is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Board declared a quarterly cash dividend for the fourth quarter ending December 31, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 15, 2025,
10/7/24 4:25:00 PM ET
$BHR
Real Estate Investment Trusts
Real Estate
BRAEMAR HOTELS & RESORTS SETS THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES
DALLAS, Aug. 29, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2024. Braemar plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 6, 2024, and will host a conference call on Thursday, November 7, 2024, at 11:00 a.m. ET. The number to call for this interactive teleconference is (646) 960-0284. A replay of the conference call will be available through Thursday, November 14, 2024, by dialing (609) 800-9909 and entering the confirmation number, 2925607. The live broadcast of Braemar's quarterly confere
8/29/24 4:00:00 PM ET
$BHR
Real Estate Investment Trusts
Real Estate
BRAEMAR HOTELS & RESORTS REDUCES INTEREST COSTS AND EXTENDS MATURITIES WITH REFINANCING OF FIVE HOTELS
DALLAS, Aug. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has closed on a refinancing involving five hotels. The new loan totals $407 million and has a two-year initial term with three one-year extension options, subject to the satisfaction of certain conditions, taking the final maturity to 2029. The loan is interest only and provides for a floating interest rate of SOFR + 3.24%. As part of this financing, the Company acquired $42.2 million of the most junior tranche of the loan, which lowered its net spread on the $364.8 million remaining loan amount to SOFR + 3.01%. The loan is secured by five hotels: Pier House
8/7/24 4:30:00 PM ET
$BHR
Real Estate Investment Trusts
Real Estate

$BHR
Press Releases

Fastest customizable press release news feed in the world

Blackwells Capital Calls on Brancous to End its Alarmist Attacks on Braemar
Brancous' misleading accusations are not constructive and could negatively impact the Company's business Blackwells encourages all Braemar shareholders to support the enhanced Board and management team NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC ("Blackwells"), a shareholder of Braemar Hotels & Resorts Inc. ("Braemar" or the "Company") (NYSE:BHR), today released a letter to its fellow Braemar shareholders: The full text of the letter follows: Dear Fellow Braemar Shareholders, Over the past months, Blackwells Capital, in its capacity as an engaged shareholder of Braemar Hotels & Resorts ("Braemar" or the "Company"), exchanged views with the board of directors (th
10/29/24 5:29:44 PM ET
$BHR
Real Estate Investment Trusts
Real Estate
BRAEMAR HOTELS & RESORTS ADDS HOTEL INDUSTRY VETERAN JAY SHAH TO BOARD OF DIRECTORS
DALLAS, Oct. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced today that Jay Shah, a seasoned hospitality and real estate executive, has joined the Board of Directors as a new independent director. "We are excited to welcome Jay to the Braemar Board of Directors," said Monty J. Bennett, Braemar's Chairman. "He brings extensive experience in both the lodging industry and public company matters from his many years of executive leadership positions at Hersha. His executive, operational and finance knowledge will make him a valuable addition to our board." Mr. Shah, age 56, has been a Senior Advisor to Hersha Hotels & Resorts ("Hersha") si
10/7/24 4:26:00 PM ET
$BHR
Real Estate Investment Trusts
Real Estate
BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE FOURTH QUARTER OF 2024
DALLAS, Oct. 7, 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 fourth quarter ending December 31, 2024. This dividend, which equates to an annual rate of $0.20 per share, is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Board declared a quarterly cash dividend for the fourth quarter ending December 31, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 15, 2025,
10/7/24 4:25:00 PM ET
$BHR
Real Estate Investment Trusts
Real Estate

$BHR
Leadership Updates

Live Leadership Updates

Blackwells Capital Calls on Brancous to End its Alarmist Attacks on Braemar
Brancous' misleading accusations are not constructive and could negatively impact the Company's business Blackwells encourages all Braemar shareholders to support the enhanced Board and management team NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC ("Blackwells"), a shareholder of Braemar Hotels & Resorts Inc. ("Braemar" or the "Company") (NYSE:BHR), today released a letter to its fellow Braemar shareholders: The full text of the letter follows: Dear Fellow Braemar Shareholders, Over the past months, Blackwells Capital, in its capacity as an engaged shareholder of Braemar Hotels & Resorts ("Braemar" or the "Company"), exchanged views with the board of directors (th
10/29/24 5:29:44 PM ET
$BHR
Real Estate Investment Trusts
Real Estate
Ashford Announces Retirement Of Robert Haiman And Appointment Of Alex Rose As General Counsel
DALLAS, June 30, 2021 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that Robert Haiman, Executive Vice President, General Counsel and Secretary, will retire on June 30 after a career spanning nearly 17 years at Ashford and Remington. The Company has appointed Mr. Alex Rose as Executive Vice President, General Counsel and Secretary as his successor effective July 1, 2021. To ensure a seamless transition, Mr. Haiman will provide support to the Company on a consulting basis for 3 years. Mr. Rose will also serve as General Counsel for Ashford Hospitality Trust (NYSE:AHT) and Braemar Hotels & Resorts (NYSE:BHR). Jeremy Welter, Ashford's President and Chi
6/30/21 8:00:00 AM ET
$BHR
$AHT
$AINC
Real Estate Investment Trusts
Real Estate
Professional Services
Consumer Discretionary
Kalera – Curtis McWilliams proposed as new member of the Board of Directors
ORLANDO, Fla., June 28, 2021 (GLOBE NEWSWIRE) -- Kalera (Euronext Growth Oslo ticker KAL, Bloomberg: KSLLF), one of the fastest-growing and largest vertical farming companies in the world and a leader in plant science for producing high-quality produce in controlled environments, today announced the proposed appointment of Curtis McWilliams to its Board of Directors. In addition, it is expected that McWilliams will chair Kalera's Audit Committee responsible for oversight of the financial reporting and disclosure process. An executive with deep experience in mergers & acquisitions, real estate, corporate governance as well as financial accounting and analysis, McWilliams brings nearly 40 ye
6/28/21 8:00:00 AM ET
$ASC
$BHR
Marine Transportation
Consumer Discretionary
Real Estate Investment Trusts
Real Estate

Braemar Hotels & Resorts Q4 2023 FFO $0.040 Misses $0.070 Estimate, Sales $177.534M Beat $175.473M Estimate

Chat with this insight

Recent Analyst Ratings for $BHR

$BHR Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Stockton Richard J bought $13,804 worth of Series B Preferred Stock (1,150 units at $12.00), increasing direct ownership by 16% to 8,150 units (SEC Form 4)

$BHR Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 3 filed by new insider Shah Jay H

Johnson Rebeca M was granted 14,925 shares (SEC Form 4)

Fearn Kenneth Hopkins Jr. was granted 14,925 shares, increasing direct ownership by 21% to 85,551 units (SEC Form 4)

$BHR Financials

Live finance-specific insights

BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE FOURTH QUARTER OF 2024

BRAEMAR HOTELS & RESORTS SETS THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL DATES

BRAEMAR HOTELS & RESORTS REDUCES INTEREST COSTS AND EXTENDS MATURITIES WITH REFINANCING OF FIVE HOTELS

$BHR Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Braemar Hotels & Resorts Inc.

Amendment: SEC Form SC 13D/A filed by Braemar Hotels & Resorts Inc.

Amendment: SEC Form SC 13D/A filed by Braemar Hotels & Resorts Inc.

$BHR Press Releases

Fastest customizable press release news feed in the world

Blackwells Capital Calls on Brancous to End its Alarmist Attacks on Braemar

BRAEMAR HOTELS & RESORTS ADDS HOTEL INDUSTRY VETERAN JAY SHAH TO BOARD OF DIRECTORS

BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE FOURTH QUARTER OF 2024

$BHR Market Insights

Live Market Insights

Reported Earlier, Braemar Hotels & Resorts Sells Hilton La Jolla Torrey Pines For $165M

Braemar Hotels & Resorts To Add Independent Director With Input From Blackwells, Which Will Become A Significant Shareholder

Braemar Hotels & Resorts, Blackwells Ink Cooperation Agreement; Blackwells To Withdraw Proxy Solicitation And Vote In Favor Of All Company Nominees And Proposals

$BHR SEC Filings

$BHR Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

SEC Form DEFA14A filed by Braemar Hotels & Resorts Inc.

SEC Form DEF 14A filed by Braemar Hotels & Resorts Inc.

Braemar Hotels & Resorts Inc. filed SEC Form 8-K: Other Events

Braemar Hotels & Resorts downgraded by B. Riley Securities with a new price target

Braemar Hotels & Resorts downgraded by Oppenheimer

Oppenheimer initiated coverage on Braemar Hotels & Resorts with a new price target

$BHR Leadership Updates

Live Leadership Updates

Blackwells Capital Calls on Brancous to End its Alarmist Attacks on Braemar

Ashford Announces Retirement Of Robert Haiman And Appointment Of Alex Rose As General Counsel

Kalera – Curtis McWilliams proposed as new member of the Board of Directors

Recent Analyst Ratings for
$BHR

$BHR
Insider Purchases

$BHR
Insider Trading

$BHR
Financials

$BHR
Large Ownership Changes

$BHR
Press Releases

$BHR
Market Insights

$BHR
SEC Filings

$BHR
Analyst Ratings

$BHR
Leadership Updates