Raymond James Financial Inc. Acquires Shares of 53,900 Braemar Hotels & Resorts (NYSE:BHR)

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of Braemar Hotels & Resorts by 2.3% during the fourth quarter. Renaissance Technologies LLC now owns 667,100 shares of the company’s stock worth $2,001,000 after purchasing an additional 15,100 shares in the last quarter. Ironwood Investment Management LLC boosted its position in shares of Braemar Hotels & Resorts by 6.7% during the fourth quarter. Ironwood Investment Management LLC now owns 402,444 shares of the company’s stock worth $1,207,000 after purchasing an additional 25,162 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Braemar Hotels & Resorts by 1.4% during the fourth quarter. Rhumbline Advisers now owns 393,218 shares of the company’s stock worth $1,180,000 after purchasing an additional 5,293 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Braemar Hotels & Resorts during the fourth quarter worth $1,004,000. Finally, Barclays PLC boosted its position in shares of Braemar Hotels & Resorts by 55.0% during the third 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. 64.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th.

Braemar Hotels & Resorts Trading Up 0.2%

BHR opened at $2.13 on Wednesday. The stock has a market capitalization of $142.47 million, a P/E ratio of -2.76 and a beta of 1.06. Braemar Hotels & Resorts has a 12 month low of $1.80 and a 12 month high of $3.95. The firm’s fifty day simple moving average is $2.31 and its 200 day simple moving average is $2.76. 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 (NYSE:BHR) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The business had revenue of $218.41 million for the quarter, compared to analysts’ expectations of $211.64 million. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. As a group, research analysts anticipate that Braemar Hotels & Resorts will post 0.31 EPS 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 given a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.20 annualized dividend and a yield of 9.41%. Braemar Hotels & Resorts’s dividend payout ratio is currently -23.26%.

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).