State Street Corp Has $3.93 Million Stock Position in Braemar Hotels & Resorts (NYSE:BHR)

State Street Corp boosted its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 2.7% during the third quarter, Holdings Channel reports. The fund owned 1,252,550 shares of the company’s stock after acquiring an additional 33,278 shares during the period. State Street Corp’s holdings in Braemar Hotels & Resorts were worth $3,932,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHR. Intech Investment Management LLC bought a new stake in Braemar Hotels & Resorts during the 3rd quarter worth about $36,000. XTX Topco Ltd acquired a new stake in shares of Braemar Hotels & Resorts during the 2nd quarter worth approximately $55,000. Verition Fund Management LLC bought a new stake in shares of Braemar Hotels & Resorts during the third quarter worth approximately $68,000. SG Americas Securities LLC lifted its holdings in Braemar Hotels & Resorts by 140.4% in the third 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. Finally, BNP Paribas Financial Markets boosted its stake in Braemar Hotels & Resorts by 27.4% in the third quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock valued at $118,000 after acquiring an additional 8,206 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Braemar Hotels & Resorts Stock Performance

Shares of NYSE:BHR opened at $3.17 on Tuesday. The firm’s 50 day simple moving average is $3.29 and its 200 day simple moving average is $3.15. Braemar Hotels & Resorts has a fifty-two week low of $1.79 and a fifty-two week high of $3.95. The company has a market capitalization of $210.87 million, a price-to-earnings ratio of -4.12 and a beta of 2.05. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20.

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. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. The business had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $157.78 million. During the same quarter in the prior year, the company earned ($0.08) EPS. As a group, sell-side analysts forecast that Braemar Hotels & Resorts will post 0.43 earnings per share for the current year.

Braemar Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued 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 dividend yield of 6.31%. Braemar Hotels & Resorts’s payout ratio is -25.97%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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).