Dimensional Fund Advisors LP Purchases 44,599 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Dimensional Fund Advisors LP raised its stake in Braemar Hotels & Resorts (NYSE:BHR) by 5.9% during the second quarter, HoldingsChannel.com reports. The fund owned 797,972 shares of the company’s stock after acquiring an additional 44,599 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Braemar Hotels & Resorts were worth $2,035,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Rhumbline Advisers grew its position in Braemar Hotels & Resorts by 154.7% in the second quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock valued at $1,002,000 after acquiring an additional 238,782 shares during the period. Bank of New York Mellon Corp grew its position in Braemar Hotels & Resorts by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock valued at $656,000 after acquiring an additional 6,140 shares during the period. Gamco Investors INC. ET AL grew its position in Braemar Hotels & Resorts by 126.0% in the first quarter. Gamco Investors INC. ET AL now owns 206,200 shares of the company’s stock valued at $412,000 after acquiring an additional 114,980 shares during the period. Price T Rowe Associates Inc. MD grew its position in Braemar Hotels & Resorts by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock valued at $319,000 after acquiring an additional 14,525 shares during the period. Finally, Los Angeles Capital Management LLC grew its position in Braemar Hotels & Resorts by 18.9% in the first 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 period. 64.79% of the stock is currently owned by institutional investors.

Braemar Hotels & Resorts Price Performance

Braemar Hotels & Resorts stock opened at $3.18 on Friday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $211.53 million, a P/E ratio of -2.54 and a beta of 1.99. The business’s fifty day moving average is $3.04 and its two-hundred day moving average is $2.87. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95.

Braemar Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts’s dividend payout ratio is currently -16.00%.

Analyst Ratings Changes

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

About Braemar Hotels & Resorts

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).