Chicago Equity Partners LLC raised its holdings in Wyeth (NYSE:BHR) by 16.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 246,555 shares of the company’s stock after acquiring an additional 34,249 shares during the period. Chicago Equity Partners LLC owned approximately 0.76% of Wyeth worth $2,902,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in BHR. RMR Advisors LLC acquired a new stake in Wyeth in the 2nd quarter valued at about $1,748,000. BNP Paribas Arbitrage SA acquired a new stake in Wyeth in the 2nd quarter valued at about $105,000. State of New Jersey Common Pension Fund D acquired a new stake in Wyeth in the 2nd quarter valued at about $3,467,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Wyeth in the 2nd quarter valued at about $699,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Wyeth in the 2nd quarter valued at about $328,000. Institutional investors own 74.06% of the company’s stock.
BHR has been the subject of several analyst reports. ValuEngine cut shares of Wyeth from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. B. Riley set a $14.00 price target on shares of Wyeth and gave the company a “buy” rating in a research note on Friday, November 2nd. Deutsche Bank set a $15.00 price target on shares of Wyeth and gave the company a “buy” rating in a research note on Monday, August 6th. Finally, Zacks Investment Research cut shares of Wyeth from a “hold” rating to a “sell” rating in a research note on Monday, October 8th.
Wyeth stock opened at $9.83 on Friday. The company has a market cap of $323.29 million, a price-to-earnings ratio of 6.15 and a beta of 0.85. Wyeth has a 52-week low of $8.44 and a 52-week high of $12.10. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 2.61.
Wyeth (NYSE:BHR) last released its earnings results on Wednesday, October 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.07. The company had revenue of $108.85 million for the quarter, compared to analyst estimates of $110.46 million. Wyeth had a net margin of 9.08% and a return on equity of 10.22%. Equities analysts expect that Wyeth will post 1.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a yield of 6.51%. Wyeth’s dividend payout ratio (DPR) is presently 39.51%.
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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).
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