BHR

Board Changes at Greenidge Generation: Kenneth Fearn and Christopher Krug have been appointed as independent directors to the Board of Greenidge Generation Holdings Inc., effective April 17, 2025, while David Anderson and Daniel Rothaupt will retire from the Board. Timothy Fazio has been elected as Chairman of the Board.

Expertise of New Directors: Both Fearn and Krug bring extensive financial experience; Fearn specializes in investments and real estate, while Krug focuses on small cap companies and value creation in public markets, enhancing the Board's capabilities during its refreshment process.

Dividend Announcements: Braemar Hotels & Resorts Inc. declared a quarterly cash dividend of $0.05 per share for common stock and various dividends for its preferred stocks, all payable on July 15, 2025, to stockholders of record as of June 30, 2025.

Company Overview: Braemar is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts, and it has issued forward-looking statements regarding its future performance and associated risks.

Franchise Transition Announcement: Braemar Hotels & Resorts plans to transition the Sofitel Chicago Magnificent Mile to a franchise structure, managed by Remington Hospitality, effective May 2025. Employees will be offered positions with Remington, and renovations are planned for the lobby, restaurant, and meeting spaces over the next two years.

Forward-Looking Statements and Risks: The announcement includes forward-looking statements regarding the company's strategy and potential risks that could affect future performance, emphasizing uncertainties related to market conditions, competition, and financial results.

Oversold Stocks in Real Estate: The real estate sector has several oversold stocks, including Park Hotels & Resorts, Xenia Hotels & Resorts, and Braemar Hotels & Resorts, which have low RSI values indicating potential buying opportunities.

Analyst Ratings and Price Movements: Analysts have maintained ratings for these companies while adjusting price targets downwards; recent stock performance shows declines over the past month, with shares closing at $10.68 for Park, $11.76 for Xenia, and $2.49 for Braemar.

Dividend History: Braemar Hotels & Resorts Inc's 8.25% Series D Cumulative Preferred Stock (BHR.PRD) recently paid a dividend of $0.5156, with its stock currently up about 0.4%, while the common shares (BHR) are down approximately 1.8%.

Market Insights: The article suggests exploring other S.A.F.E. dividend stocks that have preferred shares worth monitoring.

Dividend History: Braemar Hotels & Resorts Inc's 5.50% Series B Cumulative Convertible Preferred Stock (BHR.PRB) recently announced a dividend of $0.3438, with the stock currently up about 0.4% in trading.

Stock Performance: The common shares of Braemar Hotels & Resorts Inc (BHR) are performing better, showing an increase of approximately 2.1% on the same day.

Earnings Release Announcement: Braemar Hotels & Resorts Inc. will release its first-quarter earnings on May 7, 2025, after market close and will host a conference call on May 8, 2025, at 11:00 a.m. ET.

Conference Call Details: The conference call can be accessed by phone or online, with a replay available until May 15, 2025, and an online replay lasting for approximately one year.

Refinancing Announcement: Braemar Hotels & Resorts Inc. has successfully closed a refinancing deal for five hotels, securing a loan of $363 million with a two-year term and options to extend until 2030, which will lower their cost of capital and improve their debt maturity schedule.

Company Overview: Braemar is a real estate investment trust (REIT) focused on luxury hotels and resorts, and the refinancing addresses their final debt maturity for 2025 while enhancing their financial stability.

Refinancing Details: Braemar Hotels & Resorts has successfully closed a $363 million refinancing deal for five hotels, with a two-year initial term and options to extend until 2030, featuring a floating interest rate of SOFR + 2.52%.

Market Reaction: Following the announcement, shares of Braemar Hotels & Resorts (BHR) experienced a decline of over 12% in pre-market trading.

Refinancing Announcement: Braemar Hotels & Resorts Inc. has successfully closed a refinancing deal for five hotels, securing a loan of $363 million with a two-year term and options to extend until 2030, which will lower their cost of capital and improve their debt maturity schedule.

Company Overview: Braemar is a real estate investment trust (REIT) focused on luxury hotels and resorts, and the refinancing addresses their final debt maturity for 2025 while enhancing their financial stability.

Quarterly Performance: Braemar Hotels & Resorts reported a quarterly loss of $0.06 per share, missing the Zacks Consensus Estimate of $0.10, with revenues of $173.34 million, surpassing estimates by 6.28%, but showing a decline from the previous year's revenues.

Market Outlook: The stock has underperformed compared to the S&P 500 this year, and its future performance will depend on management's commentary and estimate revisions, currently holding a Zacks Rank #3 (Hold) indicating expected market performance.

Major Earnings Reports: Key companies reporting earnings after the market close on Wednesday include NVIDIA, Salesforce, Snowflake, and Teladoc Health.

Additional Earnings Releases: A wide range of other companies are also set to release their earnings reports, covering various sectors and industries.

Dividend History: The article provides a chart detailing the historical dividend payments for Braemar Hotels & Resorts Inc's 5.50% Series B Cumulative Convertible Preferred Stock (BHR.PRB).

Current Trading Status: As of Tuesday, BHR.PRB is trading flat while the common shares (BHR) have decreased by approximately 0.4%.

Tax Reporting Announcement: Braemar Hotels & Resorts Inc. has released tax reporting information for 2024 distributions on its common and preferred shares, detailing the income tax treatment applicable to each distribution type.

Forward-Looking Statements: The company included forward-looking statements regarding its strategy and future plans, highlighting potential risks and uncertainties that could affect its performance and dividend policy.

Loan Extension Announcement: Braemar Hotels & Resorts has successfully extended its mortgage loan for the Ritz-Carlton Lake Tahoe, moving the maturity date from January 2025 to January 2026 with a $10 million paydown and a new spread of SOFR + 3.25%.

Future Financing Prospects: The company is optimistic about improving conditions in the hotel lending market and is currently in discussions regarding another significant loan due in June 2025.

Loan Extension Announcement: Braemar Hotels & Resorts has successfully extended its mortgage loan for the Ritz-Carlton Lake Tahoe, moving the maturity date from January 2025 to January 2026 with a $10 million paydown and a new spread of SOFR + 3.25%.

Future Financing Prospects: The company is optimistic about improving conditions in the hotel lending market and is currently in discussions regarding another significant loan due in June 2025.

Quarterly and Monthly Dividends Declared: Braemar Hotels & Resorts Inc. announced a quarterly cash dividend of $0.05 per share for common stock, along with various dividends for preferred stocks, all payable on April 15, 2025, to respective stockholders of record.

Company Overview and Forward-Looking Statements: Braemar is a real estate investment trust focused on luxury hotels and resorts, and the press release includes forward-looking statements that are subject to risks and uncertainties affecting future performance.

Earnings Release Announcement: Braemar Hotels & Resorts Inc. will release its fourth quarter results for 2024 on February 26, 2025, after market close, followed by a conference call on February 27, 2025, at 11:00 a.m. ET.

Access to Conference Call: The conference call can be accessed via phone or online, with a replay available until March 6, 2025, and an online replay lasting approximately one year.

Earnings Release Announcement: Braemar Hotels & Resorts Inc. will release its fourth quarter results for 2024 on February 26, 2025, after market close, followed by a conference call on February 27, 2025, at 11:00 a.m. ET.

Access to Conference Call: The conference call can be accessed via phone or online, with a replay available until March 6, 2025, and an online replay lasting approximately one year.

Braemar Hotels & Resorts Announcement: The company appointed Ms. Rebecca Musser to its Board of Directors and as Chair of the Audit Committee, leveraging her 20 years of experience in accounting and audits to enhance corporate governance and audit capabilities.

Company Performance Metrics: Braemar Hotels & Resorts has a year-to-date price performance of 34.78%, an average trading volume of 237,744, and a current market cap of $210.9 million, with a technical sentiment consensus rating of "Hold."