Braemar Hotels & Resorts (NYSE:BHR) Shares Sold by Bard Associates Inc.

Bard Associates Inc. decreased its position in Braemar Hotels & Resorts (NYSE:BHR) by 1.8% in the third quarter, HoldingsChannel reports. The firm owned 315,190 shares of the company’s stock after selling 5,800 shares during the period. Bard Associates Inc.’s holdings in Braemar Hotels & Resorts were worth $990,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BHR. Fortitude Family Office LLC boosted its stake in Braemar Hotels & Resorts by 264.9% during the second quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock worth $32,000 after buying an additional 9,108 shares in the last quarter. Catalina Capital Group LLC acquired a new position in shares of Braemar Hotels & Resorts during the 2nd quarter worth approximately $47,000. XTX Topco Ltd bought a new stake in Braemar Hotels & Resorts in the 2nd quarter valued at $55,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Braemar Hotels & Resorts during the 1st quarter worth approximately $50,000. Finally, SG Americas Securities LLC boosted its stake in shares of Braemar Hotels & Resorts by 140.4% in the 3rd quarter. SG Americas Securities LLC now owns 28,808 shares of the company’s stock valued at $89,000 after purchasing an additional 16,826 shares in the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th.

Braemar Hotels & Resorts Trading Down 4.8 %

BHR stock opened at $3.58 on Friday. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 1.68. The firm has a 50 day simple moving average of $3.11 and a two-hundred day simple moving average of $3.01. Braemar Hotels & Resorts has a one year low of $1.79 and a one year high of $3.95.

Braemar Hotels & Resorts (NYSE:BHR) last announced its earnings results on Monday, November 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $148.40 million during the quarter, compared to the consensus estimate of $157.78 million. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. During the same quarter in the prior year, the company earned ($0.08) earnings per share. On average, sell-side analysts anticipate that Braemar Hotels & Resorts will post 0.5 EPS for the current year.

Braemar Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.59%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts’s dividend payout ratio is -25.97%.

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).