Panagora Asset Management Inc. Trims Stock Position in Braemar Hotels & Resorts (NYSE:BHR)

Panagora Asset Management Inc. trimmed its holdings in Braemar Hotels & Resorts (NYSE:BHR) by 6.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 51,440 shares of the company’s stock after selling 3,825 shares during the period. Panagora Asset Management Inc.’s holdings in Braemar Hotels & Resorts were worth $131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Braemar Hotels & Resorts by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 36,390 shares of the company’s stock valued at $89,000 after purchasing an additional 9,091 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Braemar Hotels & Resorts by 28.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 68,100 shares of the company’s stock valued at $170,000 after acquiring an additional 15,000 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of 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 valued at $39,000 after acquiring an additional 9,212 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Braemar Hotels & Resorts in the 4th quarter worth approximately $177,000. Finally, Los Angeles Capital Management LLC lifted 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 worth $316,000 after acquiring an additional 25,119 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday.

Braemar Hotels & Resorts Price Performance

BHR opened at $2.94 on Thursday. The firm has a market cap of $195.11 million, a price-to-earnings ratio of -2.62 and a beta of 2.00. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 4.18. The stock’s 50-day moving average price is $3.11 and its 200 day moving average price is $2.69. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month high of $3.95.

Braemar Hotels & Resorts Announces Dividend

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 6.81%. The ex-dividend date is Monday, September 30th. Braemar Hotels & Resorts’s payout ratio is -17.86%.

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).