Braemar Hotels & Resorts (NYSE:BHR) Shares Sold by PFG Investments LLC

PFG Investments LLC lessened its holdings in Braemar Hotels & Resorts (NYSE:BHR) by 17.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 65,954 shares of the company’s stock after selling 13,558 shares during the quarter. PFG Investments LLC’s holdings in Braemar Hotels & Resorts were worth $198,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BHR. Intech Investment Management LLC purchased a new position in Braemar Hotels & Resorts in the third quarter valued at $36,000. Verition Fund Management LLC acquired a new stake in Braemar Hotels & Resorts in the 3rd quarter valued at about $68,000. SG Americas Securities LLC boosted its stake in shares of Braemar Hotels & Resorts by 140.4% in the 3rd quarter. SG Americas Securities LLC now owns 28,808 shares of the company’s stock valued at $89,000 after buying an additional 16,826 shares during the period. BNP Paribas Financial Markets grew its position in shares of Braemar Hotels & Resorts by 27.4% during the third quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock worth $118,000 after buying an additional 8,206 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Braemar Hotels & Resorts by 55.0% during the third quarter. Barclays PLC now owns 127,641 shares of the company’s stock worth $394,000 after buying an additional 45,284 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

Braemar Hotels & Resorts Stock Performance

NYSE:BHR opened at $2.55 on Friday. Braemar Hotels & Resorts has a 12 month low of $1.79 and a 12 month high of $3.95. 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 has a market capitalization of $169.29 million, a PE ratio of -3.31 and a beta of 2.08. The business’s fifty day moving average price is $3.05 and its 200 day moving average price is $3.12.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $148.40 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted ($0.08) EPS. On average, sell-side analysts anticipate that Braemar Hotels & Resorts will post 0.59 earnings per share for the current fiscal year.

Braemar Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.86%. The ex-dividend date is Monday, March 31st. Braemar Hotels & Resorts’s payout ratio is -25.97%.

Wall Street Analysts Forecast Growth

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

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).