Braemar Hotels & Resorts (NYSE:BHR) Position Cut by Navis Wealth Advisors LLC

Navis Wealth Advisors LLC lowered its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR) by 77.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,213 shares of the company’s stock after selling 50,815 shares during the period. Navis Wealth Advisors LLC’s holdings in Braemar Hotels & Resorts were worth $46,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Braemar Hotels & Resorts by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock valued at $2,035,000 after acquiring an additional 44,599 shares during the period. Renaissance Technologies LLC raised its stake in shares of Braemar Hotels & Resorts by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock worth $1,478,000 after buying an additional 40,100 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Braemar Hotels & Resorts in the second quarter valued at $55,000. SG Americas Securities LLC boosted its stake in Braemar Hotels & Resorts by 140.4% during the third quarter. SG Americas Securities LLC now owns 28,808 shares of the company’s stock valued at $89,000 after buying an additional 16,826 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in Braemar Hotels & Resorts by 74.4% during the third quarter. PFG Investments LLC now owns 79,512 shares of the company’s stock worth $246,000 after acquiring an additional 33,932 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

Braemar Hotels & Resorts Trading Down 0.2 %

Braemar Hotels & Resorts stock opened at $2.51 on Friday. The firm has a market cap of $166.64 million, a price-to-earnings ratio of -3.25 and a beta of 2.08. Braemar Hotels & Resorts has a 1 year low of $1.79 and a 1 year high of $3.95. The firm’s 50 day moving average price is $3.14 and its two-hundred day moving average price is $3.15. The company has a debt-to-equity ratio of 4.44, a quick ratio of 2.20 and a current ratio of 2.20.

Braemar Hotels & Resorts (NYSE:BHR) last issued its earnings results on Monday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. The business had revenue of $148.40 million for the quarter, compared to analysts’ expectations of $157.78 million. During the same period in the previous year, the firm posted ($0.08) EPS. On average, research analysts predict that Braemar Hotels & Resorts will post 0.59 EPS for the current fiscal year.

Braemar Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date is Monday, March 31st. Braemar Hotels & Resorts’s dividend payout ratio is -25.97%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

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).