PFG Investments LLC Has $184,000 Stake in BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR)

PFG Investments LLC raised its position in shares of BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) by 12.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,881 shares of the company’s stock after purchasing an additional 7,927 shares during the quarter. PFG Investments LLC’s holdings in BRAEMAR HOTELS & RESORTS were worth $184,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BHR. First Trust Advisors LP purchased a new stake in BRAEMAR HOTELS & RESORTS in the 4th quarter worth about $32,000. Sherbrooke Park Advisers LLC acquired a new position in shares of BRAEMAR HOTELS & RESORTS in the fourth quarter worth $48,000. ProShare Advisors LLC raised its holdings in shares of BRAEMAR HOTELS & RESORTS by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 18,563 shares of the company’s stock worth $56,000 after acquiring an additional 6,109 shares in the last quarter. MetLife Investment Management LLC boosted its position in BRAEMAR HOTELS & RESORTS by 36.3% during the fourth quarter. MetLife Investment Management LLC now owns 24,831 shares of the company’s stock valued at $74,000 after purchasing an additional 6,608 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of BRAEMAR HOTELS & RESORTS during the 4th quarter worth about $77,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a report on Thursday, May 8th.

BRAEMAR HOTELS & RESORTS Trading Up 3.3%

Shares of NYSE:BHR opened at $2.63 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 5.14. The stock has a market capitalization of $176.61 million, a PE ratio of -3.06 and a beta of 1.11. BRAEMAR HOTELS & RESORTS INC. has a 1 year low of $1.80 and a 1 year high of $3.95. The firm has a fifty day moving average price of $2.20 and a 200 day moving average price of $2.55.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $211.64 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 2.60% and a negative net margin of 0.91%. Analysts expect that BRAEMAR HOTELS & RESORTS INC. will post 0.31 EPS for the current fiscal year.

BRAEMAR HOTELS & RESORTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 7.59%. The ex-dividend date is Monday, June 30th. BRAEMAR HOTELS & RESORTS’s dividend payout ratio is currently -23.26%.

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).