Braemar Hotels & Resorts (NYSE:BHR) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Braemar Hotels & Resorts Stock Performance

Shares of Braemar Hotels & Resorts stock opened at $3.04 on Tuesday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68. The business’s 50 day moving average price is $3.10 and its 200 day moving average price is $2.83. The company has a market cap of $202.09 million, a price-to-earnings ratio of -2.71 and a beta of 2.00. Braemar Hotels & Resorts has a one year low of $1.79 and a one year high of $3.95.

Braemar Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued 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 dividend payout ratio is currently -17.86%.

Hedge Funds Weigh In On Braemar Hotels & Resorts

Institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC raised its position in shares of Braemar Hotels & Resorts by 264.9% during the 2nd quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock valued at $32,000 after buying an additional 9,108 shares during the period. PNC Financial Services Group Inc. increased its stake in 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 acquiring an additional 9,212 shares during the last quarter. Catalina Capital Group LLC purchased a new stake in Braemar Hotels & Resorts in the second quarter valued at $47,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Braemar Hotels & Resorts in the 1st quarter valued at $50,000. Finally, XTX Topco Ltd acquired a new position in shares of Braemar Hotels & Resorts in the 2nd quarter valued at $55,000. 64.79% of the stock is owned by hedge funds and other institutional investors.

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).