Braemar Hotels & Resorts (NYSE:BHR) Lowered to Sell at StockNews.com

StockNews.com lowered shares of Braemar Hotels & Resorts (NYSE:BHR) from a hold rating to a sell rating in a report issued on Friday morning.

Braemar Hotels & Resorts Stock Performance

NYSE:BHR opened at $3.12 on Friday. The stock has a 50-day simple moving average of $3.04 and a two-hundred day simple moving average of $2.89. The firm has a market capitalization of $207.41 million, a PE ratio of -2.79 and a beta of 1.99. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 annualized dividend and a yield of 6.41%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is currently -17.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Braemar Hotels & Resorts by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 59,263 shares of the company’s stock valued at $119,000 after acquiring an additional 4,994 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Braemar Hotels & Resorts by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock valued at $656,000 after buying an additional 6,140 shares in the last quarter. Fortitude Family Office LLC grew its position 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 valued at $32,000 after purchasing an additional 9,108 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Braemar Hotels & Resorts by 141.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock worth $39,000 after buying an additional 9,212 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position 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 worth $319,000 after purchasing an additional 14,525 shares in the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

About Braemar Hotels & Resorts

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).