California Public Employees Retirement System Increases Stock Position in Braemar Hotels & Resorts (NYSE:BHR)

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California Public Employees Retirement System boosted its position in shares of Braemar Hotels & Resorts (NYSE:BHR) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,062 shares of the company’s stock after buying an additional 8,953 shares during the quarter. California Public Employees Retirement System owned approximately 0.21% of Braemar Hotels & Resorts worth $639,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its position in shares of Braemar Hotels & Resorts by 84.3% in the second quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock worth $28,000 after acquiring an additional 1,282 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Braemar Hotels & Resorts by 39.0% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock valued at $64,000 after acquiring an additional 1,811 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in shares of Braemar Hotels & Resorts during the 2nd quarter valued at about $105,000. Susquehanna International Group LLP increased its stake in shares of Braemar Hotels & Resorts by 27.1% in the 2nd quarter. Susquehanna International Group LLP now owns 14,364 shares of the company’s stock valued at $142,000 after purchasing an additional 3,064 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of Braemar Hotels & Resorts in the 2nd quarter valued at about $153,000. Institutional investors own 72.01% of the company’s stock.

A number of equities analysts have issued reports on BHR shares. Zacks Investment Research downgraded Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. B. Riley upgraded Braemar Hotels & Resorts to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, October 9th. ValuEngine cut Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $17.00 target price on shares of Braemar Hotels & Resorts in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Braemar Hotels & Resorts has an average rating of “Hold” and a consensus price target of $13.33.

BHR opened at $9.69 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.16. The company has a market cap of $322.61 million, a price-to-earnings ratio of 6.25 and a beta of 1.13. Braemar Hotels & Resorts has a 52-week low of $7.89 and a 52-week high of $14.03. The firm’s fifty day simple moving average is $9.52 and its two-hundred day simple moving average is $9.61.

Braemar Hotels & Resorts (NYSE:BHR) last released its earnings results on Wednesday, October 30th. The company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.20). Braemar Hotels & Resorts had a negative return on equity of 7.26% and a negative net margin of 5.86%. The company had revenue of $118.88 million for the quarter, compared to analysts’ expectations of $116.33 million. On average, research analysts forecast that Braemar Hotels & Resorts will post 1.24 EPS for the current year.

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).

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Institutional Ownership by Quarter for Braemar Hotels & Resorts (NYSE:BHR)

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