Braemar Hotels & Resorts (NYSE:BHR) Stock Rating Upgraded by 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 Wednesday morning.

Braemar Hotels & Resorts Price Performance

NYSE:BHR opened at $2.86 on Wednesday. The stock has a market capitalization of $190.12 million, a PE ratio of -2.55 and a beta of 2.00. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18. The stock’s 50-day moving average price is $3.13 and its 200-day moving average price is $2.70.

Braemar Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.99%. Braemar Hotels & Resorts’s payout ratio is currently -17.86%.

Institutional Investors Weigh In On Braemar Hotels & Resorts

A number of hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new stake in Braemar Hotels & Resorts in the 2nd quarter valued at about $55,000. Renaissance Technologies LLC lifted its position in 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 last quarter. Rhumbline Advisers boosted its stake in 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 last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Braemar Hotels & Resorts by 2.4% in the 2nd 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. 64.79% of the stock is currently 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).