PFG Investments LLC Boosts Position in Braemar Hotels & Resorts (NYSE:BHR)

PFG Investments LLC boosted its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 74.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 79,512 shares of the company’s stock after purchasing an additional 33,932 shares during the period. PFG Investments LLC’s holdings in Braemar Hotels & Resorts were worth $246,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BHR. Fortitude Family Office LLC raised its stake in shares of Braemar Hotels & Resorts by 264.9% during 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 in the last quarter. PNC Financial Services Group Inc. increased its holdings 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 worth $39,000 after purchasing an additional 9,212 shares during the period. Catalina Capital Group LLC bought a new stake in Braemar Hotels & Resorts during the 2nd quarter valued at $47,000. XTX Topco Ltd purchased a new stake in shares of Braemar Hotels & Resorts in the 2nd quarter worth $55,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Braemar Hotels & Resorts during the 1st quarter worth $50,000. 64.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Braemar Hotels & Resorts Price Performance

Shares of BHR opened at $2.93 on Thursday. 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 company has a 50 day moving average price of $3.08 and a 200-day moving average price of $2.96. Braemar Hotels & Resorts has a fifty-two week low of $1.79 and a fifty-two week high of $3.95. The stock has a market capitalization of $194.45 million, a PE ratio of -2.61 and a beta of 1.99.

Braemar Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a yield of 6.84%. Braemar Hotels & Resorts’s dividend payout ratio is currently -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).