Sumitomo Mitsui Trust Holdings Inc. Sells 4,552 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 7.4% in the second quarter, HoldingsChannel.com reports. The fund owned 57,342 shares of the company’s stock after selling 4,552 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Braemar Hotels & Resorts were worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its holdings in shares of Braemar Hotels & Resorts by 126.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 206,200 shares of the company’s stock worth $412,000 after acquiring an additional 114,980 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings 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 acquiring an additional 14,525 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Braemar Hotels & Resorts by 18.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 158,099 shares of the company’s stock worth $316,000 after purchasing an additional 25,119 shares during the period. Raymond James & Associates raised its position in Braemar Hotels & Resorts by 15.6% in the 4th quarter. Raymond James & Associates now owns 73,900 shares of the company’s stock worth $185,000 after purchasing an additional 10,000 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in Braemar Hotels & Resorts in the 4th quarter worth $177,000. 64.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th.

Braemar Hotels & Resorts Price Performance

Shares of NYSE:BHR opened at $3.04 on Friday. The stock has a market cap of $202.09 million, a PE ratio of -2.71 and a beta of 2.00. The company’s fifty day moving average is $3.06 and its 200 day moving average is $2.64. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 4.14.

Braemar Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend is Monday, September 30th. Braemar Hotels & Resorts’s payout ratio is -17.86%.

Braemar Hotels & Resorts 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).