StockNews.com Upgrades Braemar Hotels & Resorts (NYSE:BHR) to Hold

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 3.1 %

Shares of BHR opened at $2.94 on Wednesday. Braemar Hotels & Resorts has a 1 year low of $1.79 and a 1 year high of $3.95. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a 50 day simple moving average of $3.11 and a two-hundred day simple moving average of $2.69. The firm has a market cap of $195.11 million, a P/E ratio of -2.62 and a beta of 2.00.

Braemar Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend is Monday, September 30th. Braemar Hotels & Resorts’s dividend payout ratio is currently -17.86%.

Institutional Trading of Braemar Hotels & Resorts

Several hedge funds have recently added to or reduced their stakes in BHR. Dimensional Fund Advisors LP grew 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 buying an additional 44,599 shares during the last quarter. Renaissance Technologies LLC grew its position in 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 during the last quarter. Rhumbline Advisers grew its position in 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 during the last quarter. Bank of New York Mellon Corp increased its stake in Braemar Hotels & Resorts by 2.4% in the 2nd 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 period. Finally, Gamco Investors INC. ET AL lifted its position 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 during the last quarter. 64.79% of the stock is owned by institutional investors.

About Braemar Hotels & Resorts

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).