Braemar Hotels & Resorts (NYSE:BHR) Cut 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 report published on Wednesday.

Braemar Hotels & Resorts Price Performance

NYSE:BHR opened at $2.76 on Wednesday. The company has a market capitalization of $183.60 million, a P/E ratio of -2.21 and a beta of 1.99. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95. The stock’s fifty day moving average is $3.07 and its two-hundred day moving average is $2.97. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts’s payout ratio is -16.00%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BHR. PFG Investments LLC grew its holdings in shares of Braemar Hotels & Resorts by 74.4% during the third quarter. PFG Investments LLC now owns 79,512 shares of the company’s stock worth $246,000 after buying an additional 33,932 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Braemar Hotels & Resorts by 140.4% during the third quarter. SG Americas Securities LLC now owns 28,808 shares of the company’s stock worth $89,000 after acquiring an additional 16,826 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Braemar Hotels & Resorts during the second quarter worth approximately $55,000. Renaissance Technologies LLC grew its stake in Braemar Hotels & Resorts by 7.4% in the second quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock worth $1,478,000 after purchasing an additional 40,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Braemar Hotels & Resorts by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock worth $2,035,000 after buying an additional 44,599 shares during the last quarter. 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).