Ironwood Investment Management LLC Increases Stake in Braemar Hotels & Resorts (NYSE:BHR)

Ironwood Investment Management LLC increased its position in Braemar Hotels & Resorts (NYSE:BHR) by 6.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 402,444 shares of the company’s stock after acquiring an additional 25,162 shares during the quarter. Ironwood Investment Management LLC owned about 0.60% of Braemar Hotels & Resorts worth $1,207,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Braemar Hotels & Resorts in the 4th quarter worth about $162,000. Rhumbline Advisers grew its holdings in Braemar Hotels & Resorts by 1.4% during the 4th quarter. Rhumbline Advisers now owns 393,218 shares of the company’s stock valued at $1,180,000 after buying an additional 5,293 shares in the last quarter. SG Americas Securities LLC grew its holdings in Braemar Hotels & Resorts by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 33,216 shares of the company’s stock valued at $100,000 after buying an additional 4,408 shares in the last quarter. Barclays PLC grew its holdings in Braemar Hotels & Resorts by 55.0% during the 3rd quarter. Barclays PLC now owns 127,641 shares of the company’s stock valued at $394,000 after buying an additional 45,284 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Braemar Hotels & Resorts by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,425,781 shares of the company’s stock valued at $4,406,000 after buying an additional 39,556 shares in the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Stock Down 1.2 %

BHR stock opened at $2.98 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 4.44. The firm has a market capitalization of $197.90 million, a PE ratio of -3.86 and a beta of 2.09. Braemar Hotels & Resorts has a twelve month low of $1.79 and a twelve month high of $3.95. The stock has a 50-day simple moving average of $2.70 and a two-hundred day simple moving average of $3.03.

Braemar Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.72%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -25.97%.

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).