Braemar Hotels & Resorts (NYSE:BHR) Sees Significant Decrease in Short Interest

Braemar Hotels & Resorts (NYSE:BHR) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 981,800 shares, a decrease of 6.5% from the September 30th total of 1,050,000 shares. Based on an average daily volume of 275,200 shares, the days-to-cover ratio is presently 3.6 days.

Braemar Hotels & Resorts Price Performance

BHR opened at $2.76 on Friday. Braemar Hotels & Resorts has a 1 year low of $1.79 and a 1 year high of $3.95. The company’s 50 day simple moving average is $3.07 and its 200 day simple moving average is $2.97. The stock has a market capitalization of $183.60 million, a PE ratio of -2.21 and a beta of 1.99. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68.

Braemar Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend is Tuesday, December 31st. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is currently -16.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BHR. Allspring Global Investments Holdings LLC lifted its stake in shares of Braemar Hotels & Resorts by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 59,263 shares of the company’s stock valued at $119,000 after purchasing an additional 4,994 shares in the last quarter. Bank of New York Mellon Corp lifted its position in 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 valued at $656,000 after buying an additional 6,140 shares in the last quarter. Fortitude Family Office LLC grew its stake in Braemar Hotels & Resorts by 264.9% during the second quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock worth $32,000 after buying an additional 9,108 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Braemar Hotels & Resorts by 141.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock worth $39,000 after acquiring an additional 9,212 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Braemar Hotels & Resorts by 10.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock valued at $319,000 after acquiring an additional 14,525 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday.

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).