Short Interest in Braemar Hotels & Resorts (NYSE:BHR) Grows By 6.7%

Braemar Hotels & Resorts (NYSE:BHRGet Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,750,000 shares, a growth of 6.7% from the February 29th total of 1,640,000 shares. Based on an average daily volume of 284,600 shares, the days-to-cover ratio is currently 6.1 days.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their price target on shares of Braemar Hotels & Resorts from $3.00 to $2.50 and set a “neutral” rating on the stock in a research report on Monday, March 18th.

Read Our Latest Research Report on Braemar Hotels & Resorts

Braemar Hotels & Resorts Stock Up 1.0 %

BHR stock opened at $1.98 on Thursday. The stock has a market capitalization of $131.71 million, a P/E ratio of -1.77 and a beta of 2.19. The company has a debt-to-equity ratio of 3.93, a quick ratio of 1.50 and a current ratio of 1.50. Braemar Hotels & Resorts has a one year low of $1.79 and a one year high of $4.37. The company has a 50 day moving average price of $2.15 and a two-hundred day moving average price of $2.37.

Braemar Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.10%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -17.86%.

Hedge Funds Weigh In On Braemar Hotels & Resorts

A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC lifted its holdings in shares of Braemar Hotels & Resorts by 255.2% during the 2nd quarter. Millennium Management LLC now owns 1,549,224 shares of the company’s stock valued at $6,646,000 after acquiring an additional 1,113,063 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Braemar Hotels & Resorts by 48.6% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 2,497,320 shares of the company’s stock worth $6,243,000 after buying an additional 817,280 shares in the last quarter. LSV Asset Management lifted its holdings in Braemar Hotels & Resorts by 214.4% in the 1st quarter. LSV Asset Management now owns 611,372 shares of the company’s stock worth $3,778,000 after buying an additional 416,934 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Braemar Hotels & Resorts by 68.9% in the 4th quarter. AQR Capital Management LLC now owns 883,333 shares of the company’s stock worth $3,630,000 after buying an additional 360,347 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Braemar Hotels & Resorts by 9.7% in the 1st quarter. Vanguard Group Inc. now owns 3,087,456 shares of the company’s stock worth $19,080,000 after buying an additional 274,198 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Braemar Hotels & Resorts Company Profile

(Get Free Report)

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).

Further Reading

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