Braemar Hotels & Resorts (NYSE:BHR) Upgraded at StockNews.com

StockNews.com upgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a sell rating to a hold rating in a report published on Thursday.

Braemar Hotels & Resorts Stock Performance

Shares of Braemar Hotels & Resorts stock opened at $1.99 on Thursday. The company has a fifty day simple moving average of $2.35 and a 200-day simple moving average of $2.77. Braemar Hotels & Resorts has a 12-month low of $1.80 and a 12-month high of $3.95. 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 stock has a market cap of $133.42 million, a price-to-earnings ratio of -2.58 and a beta of 1.06.

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 company had revenue of $218.41 million for the quarter, compared to analyst estimates of $211.64 million. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. On average, equities analysts forecast that Braemar Hotels & Resorts will post 0.31 EPS for the current fiscal year.

Braemar Hotels & Resorts Announces Dividend

The firm 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 $0.05 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.20 annualized dividend and a yield of 10.05%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is -23.26%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BHR. Barclays PLC lifted its position in Braemar Hotels & Resorts by 55.0% during the 3rd quarter. Barclays PLC now owns 127,641 shares of the company’s stock worth $394,000 after acquiring an additional 45,284 shares during the period. SG Americas Securities LLC lifted its holdings 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 worth $100,000 after purchasing an additional 4,408 shares during the period. Rhumbline Advisers grew its position in Braemar Hotels & Resorts by 1.4% in the 4th quarter. Rhumbline Advisers now owns 393,218 shares of the company’s stock valued at $1,180,000 after buying an additional 5,293 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Braemar Hotels & Resorts in the 4th quarter valued at $162,000. Finally, Ironwood Investment Management LLC raised its position in Braemar Hotels & Resorts by 6.7% during the 4th quarter. Ironwood Investment Management LLC now owns 402,444 shares of the company’s stock worth $1,207,000 after buying an additional 25,162 shares during the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

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).