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

Braemar Hotels & Resorts (NYSE:BHR) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.

Braemar Hotels & Resorts Stock Down 1.5 %

Braemar Hotels & Resorts stock opened at $3.18 on Friday. The company has a market capitalization of $211.40 million, a P/E ratio of -2.84 and a beta of 1.99. The firm’s fifty day simple moving average is $3.06 and its 200-day simple moving average is $2.91. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 4.18. Braemar Hotels & Resorts has a 1-year low of $1.79 and a 1-year high of $3.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BHR. Rhumbline Advisers raised its holdings in shares of Braemar Hotels & Resorts by 154.7% during the 2nd quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock valued at $1,002,000 after purchasing an additional 238,782 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Braemar Hotels & Resorts by 126.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 206,200 shares of the company’s stock valued at $412,000 after buying an additional 114,980 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Braemar Hotels & Resorts by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock valued at $2,035,000 after buying an additional 44,599 shares during the last quarter. Renaissance Technologies LLC grew its stake in Braemar Hotels & Resorts by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock valued at $1,478,000 after buying an additional 40,100 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Braemar Hotels & Resorts by 216.1% in the 1st quarter. BNP Paribas Financial Markets now owns 54,745 shares of the company’s stock valued at $109,000 after buying an additional 37,424 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

About Braemar Hotels & Resorts

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).