Bank of New York Mellon Corp Sells 43,204 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Bank of New York Mellon Corp decreased its position in shares of Braemar Hotels & Resorts (NYSE:BHR) by 22.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,565 shares of the company’s stock after selling 43,204 shares during the period. Bank of New York Mellon Corp’s holdings in Braemar Hotels & Resorts were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BHR. Intech Investment Management LLC bought a new position in shares of Braemar Hotels & Resorts in the third quarter valued at about $36,000. BNP Paribas Financial Markets increased its position in Braemar Hotels & Resorts by 27.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock valued at $118,000 after acquiring an additional 8,206 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Braemar Hotels & Resorts in the 3rd quarter valued at about $68,000. State Street Corp raised its stake in shares of Braemar Hotels & Resorts by 2.7% in the third quarter. State Street Corp now owns 1,252,550 shares of the company’s stock worth $3,932,000 after acquiring an additional 33,278 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Braemar Hotels & Resorts by 55.0% during the third quarter. Barclays PLC now owns 127,641 shares of the company’s stock worth $394,000 after purchasing an additional 45,284 shares in the last quarter. Institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Stock Performance

Shares of Braemar Hotels & Resorts stock opened at $2.69 on Friday. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a 50 day simple moving average of $2.73 and a 200 day simple moving average of $3.02. Braemar Hotels & Resorts has a fifty-two week low of $1.91 and a fifty-two week high of $3.95. The firm has a market cap of $180.02 million, a P/E ratio of -3.49 and a beta of 2.09.

Braemar Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 7.45%. Braemar Hotels & Resorts’s dividend payout ratio is currently -25.97%.

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).