Braemar Hotels & Resorts (NYSE:BHR) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a sell rating to a hold rating in a report released on Wednesday.

Braemar Hotels & Resorts Stock Down 1.4 %

Shares of NYSE BHR opened at $2.86 on Wednesday. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95. The business’s 50 day moving average is $3.13 and its two-hundred day moving average is $2.70. The firm has a market cap of $190.12 million, a price-to-earnings ratio of -2.55 and a beta of 2.00. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18.

Braemar Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date of this dividend is Monday, September 30th. Braemar Hotels & Resorts’s dividend payout ratio is presently -17.86%.

Institutional Trading of Braemar Hotels & Resorts

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Braemar Hotels & Resorts by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock valued at $2,035,000 after purchasing an additional 44,599 shares in the last quarter. Renaissance Technologies LLC boosted its position 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 worth $1,478,000 after acquiring an additional 40,100 shares in the last quarter. Rhumbline Advisers raised its position 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 worth $1,002,000 after acquiring an additional 238,782 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Braemar Hotels & Resorts by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock worth $656,000 after purchasing an additional 6,140 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Braemar Hotels & Resorts by 126.0% in the first quarter. Gamco Investors INC. ET AL now owns 206,200 shares of the company’s stock valued at $412,000 after purchasing an additional 114,980 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

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).