Raymond James Financial Inc. Invests $162,000 in Braemar Hotels & Resorts (NYSE:BHR)

Raymond James Financial Inc. acquired a new position in shares of Braemar Hotels & Resorts (NYSE:BHR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 53,900 shares of the company’s stock, valued at approximately $162,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Braemar Hotels & Resorts by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,425,781 shares of the company’s stock valued at $4,406,000 after buying an additional 39,556 shares during the period. State Street Corp lifted its holdings in Braemar Hotels & Resorts by 2.7% in the third quarter. State Street Corp now owns 1,252,550 shares of the company’s stock worth $3,932,000 after purchasing an additional 33,278 shares during the period. Rhumbline Advisers increased its position in shares of 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. Barclays PLC raised its holdings in shares of Braemar Hotels & Resorts by 55.0% in the 3rd quarter. Barclays PLC now owns 127,641 shares of the company’s stock worth $394,000 after purchasing an additional 45,284 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Braemar Hotels & Resorts by 27.4% in 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 period. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Stock Performance

Shares of BHR stock opened at $1.96 on Friday. The stock’s fifty day simple moving average is $2.65 and its 200-day simple moving average is $2.94. Braemar Hotels & Resorts has a 1-year low of $1.83 and a 1-year high of $3.95. The company has a market capitalization of $131.08 million, a price-to-earnings ratio of -2.54 and a beta of 1.59. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 4.44.

Braemar Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date is Monday, June 30th. Braemar Hotels & Resorts’s payout ratio is -25.97%.

Braemar Hotels & Resorts 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).