Braemar Hotels & Resorts (NYSE:BHR) Short Interest Update

Braemar Hotels & Resorts (NYSE:BHR) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 981,800 shares, a drop of 6.5% from the September 30th total of 1,050,000 shares. Based on an average daily trading volume, of 275,200 shares, the short-interest ratio is currently 3.6 days.

Hedge Funds Weigh In On Braemar Hotels & Resorts

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of Braemar Hotels & Resorts by 216.1% in the 1st 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. Allspring Global Investments Holdings LLC raised its holdings in shares of Braemar Hotels & Resorts by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 59,263 shares of the company’s stock worth $119,000 after purchasing an additional 4,994 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Braemar Hotels & Resorts by 7.4% during the 2nd quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock valued at $1,478,000 after buying an additional 40,100 shares during the period. Rhumbline Advisers raised its holdings in shares of Braemar Hotels & Resorts by 154.7% during the 2nd quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock valued at $1,002,000 after buying an additional 238,782 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Braemar Hotels & Resorts by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock valued at $319,000 after buying an additional 14,525 shares during the period. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

Braemar Hotels & Resorts Stock Performance

Braemar Hotels & Resorts stock opened at $2.93 on Thursday. The stock’s 50-day moving average is $3.08 and its 200-day moving average is $2.96. The company has a market cap of $194.45 million, a price-to-earnings ratio of -2.61 and a beta of 1.99. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.68 and a quick ratio of 1.68. Braemar Hotels & Resorts has a 12 month low of $1.79 and a 12 month high of $3.95.

Braemar Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued 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 6.84%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is -17.86%.

Wall Street Analysts Forecast Growth

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

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).