Braemar Hotels & Resorts Inc Stock Price, News & Analysis

Braemar Hotels & Resorts (NYSE: BHR) has declared multiple cash dividends for its preferred stocks for the third quarter ending September 30, 2022. The dividends include $0.3438 per share for Series B Cumulative Convertible Preferred Stock and $0.5156 for Series D Cumulative Preferred Stock, both payable on October 17, 2022. Additionally, monthly dividends of $0.4844 for Series E Redeemable Preferred Stock and $0.5188 for Series M Redeemable Preferred Stock, with payments scheduled until October 17, 2022. The announcements reflect the company's continued commitment to return value to shareholders.

Braemar Hotels & Resorts (NYSE: BHR) will release its second-quarter earnings for the period ending June 30, 2022, after market close on August 3, 2022. A conference call is scheduled for August 4, 2022, at 11:00 a.m. ET. Investors can join the call by dialing (201) 389-0920, with a replay available until August 11, 2022, at (412) 317-6671 using confirmation number 13730709. The live broadcast will be accessible on Braemar's website at www.bhrreit.com. Braemar specializes in investing in luxury hotels and resorts.

Braemar Hotels & Resorts (NYSE: BHR) announced that CEO Richard Stockton will present at the Nareit's REITweek 2022 Investor Conference on June 7, 2022, at 3:00 p.m. ET. The presentation will be broadcast live on the Company's website, www.bhrreit.com, with a replay available for 90 days post-event. Braemar specializes in investing in luxury hotels and resorts.

Braemar Hotels & Resorts announced a quarterly cash dividend of $0.01 per diluted share for Q2 2022, ending on June 30, 2022. This dividend, which translates to an annual rate of $0.04 per share, will be payable on July 15, 2022, to stockholders of record as of June 30, 2022. Braemar operates as a real estate investment trust (REIT), focusing on luxury hotels and resorts. The press release also includes forward-looking statements regarding the company's strategic plans, which are subject to various risks and uncertainties, primarily related to market conditions and operational challenges.

Ashford Securities, a subsidiary of Ashford, raised over $100 million for Braemar Hotels & Resorts through its Series E and Series M Redeemable Preferred Stock Offering. The offering, launched on July 9, 2021, included participation from 44 broker-dealers and institutions. Braemar plans to sell up to $500 million in total preferred stock. Braemar has already acquired two luxury hotels, enhancing its strategy to invest in premium urban and resort markets. C. Jay Steigerwald III highlighted the success of the capital raise within the first year of offering.

Braemar Hotels & Resorts (BHR) has announced preliminary results for the first quarter ending March 31, 2022. The estimated net income attributable to common stockholders is projected between $10.6 million and $12.0 million. Adjusted EBITDAre is expected in the range of $48.5 million to $49.9 million, while Adjusted FFO is anticipated to be between $36.4 million and $37.8 million. The company has also raised approximately $80.2 million by issuing 3.57 million shares of non-traded perpetual preferred stock.

Ashford Inc. (NYSE American: AINC) announced that Jeremy Welter, President and COO, will leave the company effective July 15, 2022. This will also end his roles at Ashford Hospitality Trust (NYSE: AHT) and Braemar Hotels & Resorts (NYSE: BHR). Monty J. Bennett, CEO, acknowledged Welter's significant contributions to maximizing hotel asset value and providing leadership. Ashford, an asset management company, continues to focus on the hospitality sector. The company warns that forward-looking statements carry inherent risks, including ongoing effects from COVID-19 and market volatility.

Braemar Hotels & Resorts (NYSE: BHR) announced a quarterly cash dividend for the second quarter of 2022 totaling $0.3438 per share on its 5.5% Series B Cumulative Convertible Preferred Stock and $0.5156 per share on its 8.25% Series D Cumulative Preferred Stock, both payable on July 15, 2022. Additionally, the Series E Redeemable Preferred Stock will pay a total of $0.50 per quarter, distributed monthly, with the first payment on May 16, 2022. The Series M Redeemable Preferred Stock will also pay a quarterly rate of $0.5125 per share.

Braemar Hotels & Resorts Inc. (BHR) anticipates first-quarter 2022 occupancy at approximately 55%, with an average daily rate of $597, leading to a RevPAR of around $328. This marks a 69% increase from Q1 2021 and 20% from Q1 2019. The recent acquisition of The Ritz-Carlton Reserve Dorado Beach is expected to enhance future RevPAR, potentially reaching $404 if it had been owned in March. Leisure demand remains strong, while corporate and group bookings are also increasing.