Braemar Hotels & Resorts (NYSE:BHR) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in Braemar Hotels & Resorts (NYSE:BHR) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 257,138 shares of the company’s stock after acquiring an additional 6,140 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.39% of Braemar Hotels & Resorts worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in 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 acquiring an additional 9,108 shares during the period. PNC Financial Services Group Inc. boosted its position in Braemar Hotels & Resorts by 141.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock valued at $39,000 after purchasing an additional 9,212 shares during the period. Catalina Capital Group LLC bought a new position in Braemar Hotels & Resorts during the 2nd quarter worth $47,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Braemar Hotels & Resorts in the first quarter worth $50,000. Finally, BNP Paribas Financial Markets increased 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 worth $109,000 after buying an additional 37,424 shares during the period. 64.79% of the stock is owned by institutional investors and hedge funds.

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 report on Wednesday, September 18th.

Braemar Hotels & Resorts Stock Performance

BHR opened at $3.33 on Tuesday. 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 business’s 50 day moving average is $3.17 and its 200-day moving average is $2.77. The stock has a market cap of $221.04 million, a PE ratio of -2.97 and a beta of 2.00. Braemar Hotels & Resorts has a twelve month low of $1.79 and a twelve month high of $3.95.

Braemar Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, September 30th. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is -17.86%.

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).