Braemar Hotels & Resorts (NYSE:BHR) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Braemar Hotels & Resorts Price Performance

Shares of NYSE BHR opened at $3.08 on Friday. Braemar Hotels & Resorts has a fifty-two week low of $1.79 and a fifty-two week high of $3.95. The business has a 50 day moving average price of $3.07 and a two-hundred day moving average price of $2.94. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18. The firm has a market cap of $204.75 million, a PE ratio of -2.75 and a beta of 1.99.

Braemar Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.49%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -17.86%.

Institutional Trading of Braemar Hotels & Resorts

Several institutional investors have recently added to or reduced their stakes in BHR. Rhumbline Advisers lifted its holdings in Braemar Hotels & Resorts by 154.7% during the 2nd quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock worth $1,002,000 after buying an additional 238,782 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Braemar Hotels & Resorts by 126.0% during the first 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. Dimensional Fund Advisors LP lifted its stake in Braemar Hotels & Resorts by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock worth $2,035,000 after purchasing an additional 44,599 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Braemar Hotels & Resorts by 7.4% in the second quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock worth $1,478,000 after purchasing an additional 40,100 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Braemar Hotels & Resorts by 216.1% during the first quarter. BNP Paribas Financial Markets now owns 54,745 shares of the company’s stock worth $109,000 after purchasing an additional 37,424 shares during the period. 64.79% of the stock is owned by institutional investors and hedge funds.

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).