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

Braemar Hotels & Resorts (NYSE:BHR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Braemar Hotels & Resorts Stock Performance

Shares of Braemar Hotels & Resorts stock traded up $0.14 during midday trading on Friday, hitting $3.18. The company had a trading volume of 156,098 shares, compared to its average volume of 303,251. The company has a fifty day simple moving average of $3.04 and a 200 day simple moving average of $2.87. The stock has a market cap of $211.53 million, a price-to-earnings ratio of -2.54 and a beta of 1.99. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month high of $3.95.

Hedge Funds Weigh In On Braemar Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHR. Fortitude Family Office LLC grew its stake in 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 purchasing an additional 9,108 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Braemar Hotels & Resorts by 141.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock valued at $39,000 after buying 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 approximately $47,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Braemar Hotels & Resorts in the 1st quarter worth approximately $50,000. Finally, XTX Topco Ltd purchased a new position in Braemar Hotels & Resorts during the 2nd quarter worth approximately $55,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

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).