Braemar Hotels & Resorts (NYSE:BHR) Stock Rating Lowered by StockNews.com

Braemar Hotels & Resorts (NYSE:BHR) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Braemar Hotels & Resorts Stock Up 5.8 %

NYSE:BHR opened at $2.93 on Tuesday. Braemar Hotels & Resorts has a 1 year low of $1.79 and a 1 year high of $3.95. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 4.14. The stock has a market cap of $194.78 million, a price-to-earnings ratio of -2.62 and a beta of 2.00. The stock has a 50-day moving average price of $3.06 and a two-hundred day moving average price of $2.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Braemar Hotels & Resorts during the second quarter worth about $55,000. Renaissance Technologies LLC boosted its position in shares of Braemar Hotels & Resorts by 7.4% during the second quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock worth $1,478,000 after buying an additional 40,100 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Braemar Hotels & Resorts by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock worth $2,035,000 after buying an additional 44,599 shares during the period. Rhumbline Advisers boosted its position in shares of Braemar Hotels & Resorts by 154.7% during the second quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock worth $1,002,000 after buying an additional 238,782 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Braemar Hotels & Resorts by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock worth $656,000 after buying an additional 6,140 shares during the period. 64.79% of the stock is owned by institutional investors and hedge funds.

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).