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

StockNews.com upgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a sell rating to a hold rating in a research note published on Tuesday.

Braemar Hotels & Resorts Stock Down 3.5 %

BHR stock opened at $2.99 on Tuesday. The company has a market capitalization of $198.77 million, a price-to-earnings ratio of -2.67 and a beta of 2.00. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68. The business’s 50 day moving average price is $3.11 and its two-hundred day moving average price is $2.82. Braemar Hotels & Resorts has a fifty-two week low of $1.79 and a fifty-two week high of $3.95.

Braemar Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend is Monday, September 30th. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -17.86%.

Institutional Trading of Braemar Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in Braemar Hotels & Resorts by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 59,263 shares of the company’s stock worth $119,000 after acquiring an additional 4,994 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of 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 in the last quarter. Fortitude Family Office LLC grew its stake in shares of Braemar Hotels & Resorts by 264.9% in the 2nd quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock worth $32,000 after buying an additional 9,108 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Braemar Hotels & Resorts by 141.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock valued at $39,000 after buying an additional 9,212 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Braemar Hotels & Resorts by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock valued at $319,000 after buying an additional 14,525 shares in the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

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).