Renaissance Technologies LLC Has $1.48 Million Position in Braemar Hotels & Resorts (NYSE:BHR)

Renaissance Technologies LLC lifted its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 7.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 579,700 shares of the company’s stock after buying an additional 40,100 shares during the quarter. Renaissance Technologies LLC owned about 0.87% of Braemar Hotels & Resorts worth $1,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BHR. Rhumbline Advisers lifted its position in 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 acquiring an additional 238,782 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Braemar Hotels & Resorts by 126.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 206,200 shares of the company’s stock worth $412,000 after purchasing an additional 114,980 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Braemar Hotels & Resorts in the 4th quarter valued at $177,000. Dimensional Fund Advisors LP grew its holdings in Braemar Hotels & Resorts by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock valued at $2,035,000 after buying an additional 44,599 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Braemar Hotels & Resorts by 216.1% during the 1st 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. Institutional investors own 64.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Braemar Hotels & Resorts Stock Up 1.7 %

Shares of BHR opened at $3.04 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 4.18. Braemar Hotels & Resorts has a 12 month low of $1.79 and a 12 month high of $3.95. The firm’s 50 day moving average is $3.10 and its 200-day moving average is $2.83. The stock has a market capitalization of $202.09 million, a PE ratio of -2.71 and a beta of 2.00.

Braemar Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.20 annualized dividend and a yield of 6.58%. Braemar Hotels & Resorts’s dividend payout ratio is presently -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).