MetLife Investment Management LLC Increases Stock Holdings in Braemar Hotels & Resorts (NYSE:BHR)

MetLife Investment Management LLC lifted its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 36.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,831 shares of the company’s stock after purchasing an additional 6,608 shares during the quarter. MetLife Investment Management LLC’s holdings in Braemar Hotels & Resorts were worth $74,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BHR. First Trust Advisors LP purchased a new position in Braemar Hotels & Resorts during the 4th quarter worth $32,000. Resona Asset Management Co. Ltd. acquired a new position in Braemar Hotels & Resorts during the fourth quarter worth about $77,000. Intech Investment Management LLC grew its holdings in shares of 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 acquiring an additional 16,415 shares during the period. SG Americas Securities LLC increased its stake in Braemar Hotels & Resorts by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 33,216 shares of the company’s stock valued at $100,000 after purchasing an additional 4,408 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Braemar Hotels & Resorts during the fourth quarter worth $116,000. 64.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday.

Braemar Hotels & Resorts Stock Performance

NYSE:BHR opened at $1.99 on Friday. Braemar Hotels & Resorts has a twelve month low of $1.80 and a twelve month high of $3.95. The company has a market capitalization of $133.42 million, a P/E ratio of -2.58 and a beta of 1.06. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 4.44. The firm has a 50-day moving average price of $2.35 and a two-hundred day moving average price of $2.77.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $218.41 million during the quarter, compared to the consensus estimate of $211.64 million. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. As a group, research analysts expect that Braemar Hotels & Resorts will post 0.31 earnings per share for the current fiscal year.

Braemar Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.05%. The ex-dividend date of this dividend is Monday, June 30th. Braemar Hotels & Resorts’s payout ratio is currently -23.26%.

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).