StockNews.com Lowers Braemar Hotels & Resorts (NYSE:BHR) to Sell

StockNews.com lowered shares of Braemar Hotels & Resorts (NYSE:BHR) from a hold rating to a sell rating in a research note issued to investors on Friday.

Braemar Hotels & Resorts Trading Up 4.6 %

NYSE:BHR opened at $3.18 on Friday. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95. The firm has a 50 day moving average of $3.04 and a 200 day moving average of $2.89. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18. The stock has a market capitalization of $211.40 million, a price-to-earnings ratio of -2.84 and a beta of 1.99.

Braemar Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a yield of 6.29%. Braemar Hotels & Resorts’s payout ratio is -17.86%.

Institutional Investors Weigh In On Braemar Hotels & Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position 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 valued at $119,000 after acquiring an additional 4,994 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Braemar Hotels & Resorts by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock worth $656,000 after buying an additional 6,140 shares during the last quarter. Fortitude Family Office LLC raised its holdings in shares of Braemar Hotels & Resorts by 264.9% in the second 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. raised its holdings in shares of Braemar Hotels & Resorts by 141.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock worth $39,000 after buying an additional 9,212 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Braemar Hotels & Resorts by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock worth $319,000 after buying an additional 14,525 shares during the last quarter. Hedge funds and other institutional investors 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).