Rhumbline Advisers Acquires 238,782 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Rhumbline Advisers grew its holdings in Braemar Hotels & Resorts (NYSE:BHR) by 154.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 393,108 shares of the company’s stock after purchasing an additional 238,782 shares during the period. Rhumbline Advisers owned about 0.59% of Braemar Hotels & Resorts worth $1,002,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in Braemar Hotels & Resorts by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock worth $656,000 after buying an additional 6,140 shares in the last quarter. Catalina Capital Group LLC bought a new stake in shares of Braemar Hotels & Resorts in the second quarter worth approximately $47,000. Fortitude Family Office LLC grew its stake in shares of Braemar Hotels & Resorts by 264.9% in the second quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock worth $32,000 after acquiring an additional 9,108 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Braemar Hotels & Resorts by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock valued at $319,000 after purchasing an additional 14,525 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in Braemar Hotels & Resorts by 126.0% during the first quarter. Gamco Investors INC. ET AL now owns 206,200 shares of the company’s stock valued at $412,000 after purchasing an additional 114,980 shares during the period. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Trading Down 0.3 %

Shares of NYSE:BHR opened at $3.25 on Monday. The stock’s 50-day simple moving average is $3.18 and its two-hundred day simple moving average is $2.76. The stock has a market capitalization of $216.05 million, a price-to-earnings ratio of -2.90 and a beta of 2.00. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68.

Braemar Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.15%. The ex-dividend date of this dividend is Monday, September 30th. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -17.86%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 18th.

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).