Short Interest in BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) Drops By 14.6%

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 1,095,036 shares, a decline of 14.6% from the January 15th total of 1,281,646 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 359,423 shares, the short-interest ratio is currently 3.0 days. Based on an average daily volume of 359,423 shares, the short-interest ratio is currently 3.0 days. Currently, 1.7% of the company’s stock are short sold.

BRAEMAR HOTELS & RESORTS Stock Down 0.5%

BHR traded down $0.02 on Wednesday, hitting $2.98. The company had a trading volume of 105,047 shares, compared to its average volume of 380,207. The stock has a market capitalization of $202.95 million, a price-to-earnings ratio of -3.42 and a beta of 0.78. The company has a debt-to-equity ratio of 5.64, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a fifty day moving average price of $2.89 and a 200-day moving average price of $2.72. BRAEMAR HOTELS & RESORTS has a 12-month low of $1.80 and a 12-month high of $3.28.

Institutional Investors Weigh In On BRAEMAR HOTELS & RESORTS

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in shares of BRAEMAR HOTELS & RESORTS by 0.6% during the fourth quarter. Renaissance Technologies LLC now owns 728,900 shares of the company’s stock worth $2,092,000 after purchasing an additional 4,700 shares in the last quarter. Algert Global LLC grew its stake in BRAEMAR HOTELS & RESORTS by 24.3% during the 3rd quarter. Algert Global LLC now owns 25,746 shares of the company’s stock worth $70,000 after buying an additional 5,030 shares during the last quarter. BNP Paribas Financial Markets increased its position in BRAEMAR HOTELS & RESORTS by 94.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock valued at $34,000 after buying an additional 6,062 shares in the last quarter. Jane Street Group LLC increased its position in BRAEMAR HOTELS & RESORTS by 7.5% during the 1st quarter. Jane Street Group LLC now owns 99,519 shares of the company’s stock valued at $248,000 after buying an additional 6,942 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in BRAEMAR HOTELS & RESORTS by 45.9% in the fourth quarter. AQR Capital Management LLC now owns 25,342 shares of the company’s stock valued at $73,000 after buying an additional 7,973 shares during the last quarter. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Monday, December 29th. Zacks Research upgraded shares of BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce”.

About BRAEMAR HOTELS & RESORTS

Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.

The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.