Core Insights - Braemar Hotels & Resorts reported quarterly funds from operations (FFO) of $0.10 per share, missing the Zacks Consensus Estimate of $0.13 per share, and down from $0.20 per share a year ago, representing an FFO surprise of -23.08% [1] - The company posted revenues of $187.59 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.85%, compared to year-ago revenues of $186.71 million [2] - The stock has increased approximately 50.8% since the beginning of the year, outperforming the S&P 500's gain of 14% [3] Financial Performance - Over the last four quarters, Braemar Hotels & Resorts has surpassed consensus FFO estimates only once [2] - The current consensus FFO estimate for the upcoming quarter is -$0.13 on revenues of $165.94 million, and for the current fiscal year, it is $0.43 on revenues of $757.72 million [7] Market Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [3] - The Zacks Industry Rank indicates that the REIT and Equity Trust - Other sector is currently in the bottom 40% of over 250 Zacks industries, which may impact stock performance [8] - The estimate revisions trend for Braemar Hotels & Resorts is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]

Core Viewpoint - Ashford Inc. announced the passing of Mr. W. Michael Murphy, a key member of its Board of Directors since August 2018, who had a notable career in the hotel industry [1][3] Group 1 - Mr. Murphy served on the board of Braemar Hotels & Resorts from 2013 to 2015 and on the board of Ashford Hospitality Trust from 2003 to 2013, highlighting his extensive experience in the hospitality sector [1] - The Chairman and CEO of Ashford Inc., Monty J. Bennett, expressed deep sadness over Mr. Murphy's passing and extended condolences to his family, indicating the personal and professional impact of his loss on the company [3]

DALLAS, July 17, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has closed on the previously announced sale of the Hilton La Jolla Torrey Pines for $165 million ($419,000 per key). Including anticipated capital expenditures of $40 million, the sale price represents a 7.2% capitalization rate on net operating income for the trailing twelve months ended March 31, 2024. The Company continues to evaluate the sale of two more hotels, subject to ...

Core Viewpoint - Braemar Hotels & Resorts Inc. has declared multiple cash dividends for its various classes of preferred and common stock, indicating a commitment to returning value to shareholders [8][9][12]. Dividend Declarations - The Board declared a quarterly cash dividend of $0.3438 per diluted share for the Company's 5.5% Series B Cumulative Convertible Preferred Stock, payable on October 15, 2024, to stockholders of record as of September 30, 2024 [1]. - A monthly cash dividend of $0.15625 per share for the Series E Redeemable Preferred Stock will be paid on August 15, September 16, and October 15, 2024, to stockholders of record as of July 31, August 30, and September 30, 2024, respectively [2]. - For the Series M Redeemable Preferred Stock, a monthly cash dividend of $0.17500 per share will be paid on the same dates as above, with the same record dates [3]. - The Board also declared a quarterly cash dividend of $0.05 per diluted share for the Company's common stock, equating to an annual rate of $0.20 per share, payable on October 15, 2024 [8]. - Additionally, a quarterly cash dividend of $0.5156 per diluted share for the Company's 8.25% Series D Cumulative Preferred Stock will also be paid on October 15, 2024 [9]. Outstanding Shares - As of June 30, 2024, there were 16,142,350 shares of the Company's Series E Redeemable Preferred Stock and 1,622,772 shares of the Company's Series M Redeemable Preferred Stock issued and outstanding [4].

Blackwells to Withdraw Proxy Solicitation and Vote in Favor of All Braemar Nominees and Proposals DALLAS, July 2, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE: BHR) ("Braemar" or the "Company") today announced that it has entered into a cooperation agreement (the "Cooperation Agreement") with Blackwells Capital LLC ("Blackwells"). Richard J. Stockton, President and Chief Executive Officer of Braemar, stated: "We are pleased to have reached this outcome, which we believe is in the best interests ...

Blackwells Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals Jason Aintabi, Chief Investment Officer of Blackwells, said: "Despite pathetic failures in leadership and governance, and Mr. Bennett's bellicose behaviour against shareholders, we are pleased that large Braemar shareholders like CCM and Brancous LP are writing public letters voicing their support of Blackwells' efforts to unlock value for all shareholders." Please vote your proxy on the WHITE universal proxy card "FOR" each of the ...

Shareholder Campbell Capital Management Speaks Out in Support of Blackwells' Campaign for Change at Braemar Blackwells Urges Shareholders to Vote FOR Blackwells' Nominees and Proposals NEW YORK, June 21, 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 shareholders. The full text of the letter can be found on the following page and at www.NoMoreMonty.com. Jason Aintab ...

Notes Rampant Use of Terms 'Related Party' and 'Conflicts of Interest' Suggests Braemar's Massive Stock Price Decline Today is Justified NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC ("Blackwells"), a shareholder of Braemar Hotels & Resorts Inc. ("Braemar" or the "Company") (NYSE:BHR), commented on the filing of Braemar's Definitive Proxy Statement (the "Definitive Proxy") with the Securities and Exchange Commission (the "SEC") today. Jason Aintabi, Chief Investment Officer of Blackwell ...

Notes Rampant Use of Terms 'Related Party' and 'Conflicts of Interest' Jason Aintabi, Chief Investment Officer of Blackwells, said: 1. "…our Board has focused on selecting experienced board candidates who will work together constructively with a focus on operational excellence, financial strength, and the growth of stockholder value." 4. "Mr. Bennett is uniquely qualified to serve as a director of the Company and as the Chairman of the Board." If you have any questions about voting your proxy or need replac ...

Company Overview - Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts [1] Earnings Release Information - Braemar plans to issue its earnings release for the second quarter after the market closes on Wednesday, July 31, 2024 [2] - The company will host a conference call on Thursday, August 1, 2024, at 11:00 a.m. ET [2] - The number to call for the interactive teleconference is (646) 960-0284 [2] - A replay of the conference call will be available through Thursday, August 8, 2024, by dialing (609) 800-9909 and entering the confirmation number, 2925607 [2] Conference Call Details - The live broadcast of Braemar's quarterly conference call will be available online at the company's website, www.bhrreit.com, starting at 11:00 a.m. ET on August 1, 2024 [5] - The online replay will follow shortly after the call and continue for approximately one year [5]