Arrowstreet Capital Limited Partnership Invests $1 Million in Braemar Hotels & Resorts (NYSE:BHR)

Arrowstreet Capital Limited Partnership purchased a new stake in shares of Braemar Hotels & Resorts (NYSE:BHR) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 334,510 shares of the company’s stock, valued at approximately $1,004,000.

Several other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of Braemar Hotels & Resorts by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 33,216 shares of the company’s stock valued at $100,000 after acquiring an additional 4,408 shares during the last quarter. Rhumbline Advisers increased its holdings in Braemar Hotels & Resorts by 1.4% during the 4th quarter. Rhumbline Advisers now owns 393,218 shares of the company’s stock valued at $1,180,000 after purchasing an additional 5,293 shares during the period. BNP Paribas Financial Markets raised its position in Braemar Hotels & Resorts by 27.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock valued at $118,000 after purchasing an additional 8,206 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Braemar Hotels & Resorts by 140.9% in the 4th quarter. Intech Investment Management LLC now owns 28,066 shares of the company’s stock worth $84,000 after buying an additional 16,415 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of Braemar Hotels & Resorts in the 3rd quarter worth approximately $68,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Price Performance

BHR opened at $1.96 on Friday. The stock has a market capitalization of $131.08 million, a PE ratio of -2.54 and a beta of 1.59. The stock’s 50 day moving average price is $2.65 and its 200-day moving average price is $2.94. Braemar Hotels & Resorts has a 52-week low of $1.83 and a 52-week high of $3.95. The company has a debt-to-equity ratio of 4.44, a quick ratio of 2.20 and a current ratio of 2.20.

Braemar Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 10.23%. The ex-dividend date of this dividend is Monday, June 30th. Braemar Hotels & Resorts’s dividend payout ratio is currently -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).