Los Angeles Capital Management LLC Sells 16,009 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Los Angeles Capital Management LLC reduced its stake in Braemar Hotels & Resorts (NYSE:BHR) by 10.1% during the second quarter, Holdings Channel.com reports. The firm owned 142,090 shares of the company’s stock after selling 16,009 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Braemar Hotels & Resorts were worth $362,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Braemar Hotels & Resorts by 33.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 36,390 shares of the company’s stock worth $89,000 after buying an additional 9,091 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Braemar Hotels & Resorts by 216.1% during the 1st quarter. BNP Paribas Financial Markets now owns 54,745 shares of the company’s stock valued at $109,000 after acquiring an additional 37,424 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Braemar Hotels & Resorts by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 59,263 shares of the company’s stock worth $119,000 after acquiring an additional 4,994 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Braemar Hotels & Resorts by 28.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 68,100 shares of the company’s stock worth $170,000 after acquiring an additional 15,000 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in Braemar Hotels & Resorts during the fourth quarter valued at approximately $177,000. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

Braemar Hotels & Resorts Stock Performance

NYSE:BHR opened at $3.08 on Friday. The stock has a 50-day moving average price of $3.16 and a 200 day moving average price of $2.72. The stock has a market capitalization of $204.88 million, a P/E ratio of -2.75 and a beta of 2.00. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month high of $3.95. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 4.18.

Braemar Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.49%. The ex-dividend date is Monday, September 30th. Braemar Hotels & Resorts’s payout ratio is currently -17.86%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th.

Braemar Hotels & Resorts Profile

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).