Braemar Hotels & Resorts (NYSE:BHR) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Braemar Hotels & Resorts (NYSE:BHR) from a hold rating to a sell rating in a research note released on Wednesday.

Braemar Hotels & Resorts Stock Down 0.3 %

BHR stock opened at $3.25 on Wednesday. Braemar Hotels & Resorts has a twelve month low of $1.79 and a twelve month high of $3.95. The firm has a market capitalization of $216.05 million, a PE ratio of -2.90 and a beta of 2.00. 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 50-day simple moving average of $3.18 and a two-hundred day simple moving average of $2.75.

Braemar Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a yield of 6.15%. Braemar Hotels & Resorts’s dividend payout ratio is presently -17.86%.

Institutional Investors Weigh In On Braemar Hotels & Resorts

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its stake in shares of 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 purchasing an additional 4,994 shares during the period. Bank of New York Mellon Corp increased its position 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 valued at $656,000 after acquiring an additional 6,140 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Braemar Hotels & Resorts by 33.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 36,390 shares of the company’s stock valued at $89,000 after acquiring an additional 9,091 shares during the period. Fortitude Family Office LLC raised its stake in shares of Braemar Hotels & Resorts by 264.9% during the second quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock valued at $32,000 after acquiring an additional 9,108 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Braemar Hotels & Resorts by 141.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock worth $39,000 after purchasing an additional 9,212 shares during the period. 64.79% of the stock is currently owned by institutional investors.

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).