Braemar Hotels & Resorts Inc.'s BHR-P-D is an exchange-traded preferred stock in the REIT - Diversified sector. At a recent price of $17.10, BHR-P-D yields 12.06% on its $25 liquidation preference and 8.25% coupon. It trades at a discount of 31.6% to par. The issue is cumulative, perpetual (no stated maturity), callable on or after 2023-11-20. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.