Braemar Hotels & Resorts (NYSE:BHR) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a sell rating to a hold rating in a research report released on Saturday morning.

Braemar Hotels & Resorts Trading Down 2.8 %

Shares of NYSE:BHR opened at $3.09 on Friday. The business’s 50-day moving average is $3.06 and its 200 day moving average is $2.93. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.68 and a quick ratio of 1.68. Braemar Hotels & Resorts has a 1 year low of $1.79 and a 1 year high of $3.95. The firm has a market capitalization of $205.41 million, a P/E ratio of -2.76 and a beta of 1.99.

Braemar Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.47%. Braemar Hotels & Resorts’s dividend payout ratio is currently -17.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in Braemar Hotels & Resorts by 216.1% in the first quarter. BNP Paribas Financial Markets now owns 54,745 shares of the company’s stock valued at $109,000 after buying an additional 37,424 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 valued at $119,000 after acquiring an additional 4,994 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Braemar Hotels & Resorts by 18.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 158,099 shares of the company’s stock valued at $316,000 after acquiring an additional 25,119 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Braemar Hotels & Resorts by 7.4% in the second quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock worth $1,478,000 after acquiring an additional 40,100 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Braemar Hotels & Resorts by 154.7% during the second quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock worth $1,002,000 after purchasing an additional 238,782 shares during the last quarter. 64.79% of the stock is owned by institutional investors and hedge funds.

Braemar Hotels & Resorts Company 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).