Braemar Hotels & Resorts (NYSE:BHR) Short Interest Up 15.3% in November

Braemar Hotels & Resorts (NYSE:BHR) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,020,000 shares, a growth of 15.3% from the October 31st total of 884,300 shares. Based on an average trading volume of 255,800 shares, the days-to-cover ratio is presently 4.0 days.

Braemar Hotels & Resorts Trading Up 2.2 %

Shares of BHR stock traded up $0.08 during midday trading on Tuesday, reaching $3.67. 264,912 shares of the company traded hands, compared to its average volume of 310,262. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20. The firm’s 50 day simple moving average is $3.20 and its two-hundred day simple moving average is $3.07. Braemar Hotels & Resorts has a 1-year low of $1.79 and a 1-year high of $3.95.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $157.78 million. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. During the same period in the previous year, the firm posted ($0.08) earnings per share. Equities research analysts anticipate that Braemar Hotels & Resorts will post 0.43 EPS for the current year.

Braemar Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 annualized dividend and a yield of 5.45%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is currently -25.97%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Braemar Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $319,000 after purchasing an additional 14,525 shares in the last quarter. Fortitude Family Office LLC grew its stake in 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 acquiring an additional 9,108 shares during the period. Catalina Capital Group LLC acquired a new position in Braemar Hotels & Resorts in the 2nd quarter valued at $47,000. Bank of New York Mellon Corp lifted its stake in shares of Braemar Hotels & Resorts by 2.4% during 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, Rhumbline Advisers boosted its holdings in shares of Braemar Hotels & Resorts by 154.7% during the second quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock worth $1,002,000 after purchasing an additional 238,782 shares during 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).