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 research report released on Monday morning.

Braemar Hotels & Resorts Trading Up 7.0 %

Shares of Braemar Hotels & Resorts stock opened at $3.06 on Monday. The firm has a market cap of $203.42 million, a PE ratio of -2.73 and a beta of 2.00. The company has a debt-to-equity ratio of 4.14, a current ratio of 1.98 and a quick ratio of 1.98. Braemar Hotels & Resorts has a 1 year low of $1.79 and a 1 year high of $3.95. The stock has a fifty day moving average price of $3.06 and a 200-day moving average price of $2.60.

Braemar Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 6.54%. The ex-dividend date is Monday, September 30th. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is currently -17.86%.

Institutional Investors Weigh In On Braemar Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in shares of Braemar Hotels & Resorts by 25.2% in the fourth quarter. SG Americas Securities LLC now owns 35,867 shares of the company’s stock valued at $90,000 after purchasing an additional 7,226 shares during the period. Raymond James & Associates raised its holdings in Braemar Hotels & Resorts by 15.6% during the 4th quarter. Raymond James & Associates now owns 73,900 shares of the company’s stock valued at $185,000 after acquiring an additional 10,000 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Braemar Hotels & Resorts by 21.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 54,269 shares of the company’s stock worth $136,000 after acquiring an additional 9,595 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Braemar Hotels & Resorts by 33.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 36,390 shares of the company’s stock worth $89,000 after acquiring an additional 9,091 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Braemar Hotels & Resorts by 28.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 68,100 shares of the company’s stock valued at $170,000 after purchasing an additional 15,000 shares in 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).