Braemar Hotels & Resorts (NYSE:BHR) Upgraded to “Hold” by StockNews.com

StockNews.com upgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a sell rating to a hold rating in a research note issued to investors on Monday.

Braemar Hotels & Resorts Stock Down 0.3 %

BHR stock traded down $0.01 during mid-day trading on Monday, reaching $2.92. The company had a trading volume of 296,134 shares, compared to its average volume of 316,889. The company has a market capitalization of $194.12 million, a price-to-earnings ratio of -2.62 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 stock has a 50 day simple moving average of $3.04 and a two-hundred day simple moving average of $2.59. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date of this dividend is Monday, September 30th. Braemar Hotels & Resorts’s dividend payout ratio is currently -17.86%.

Institutional Trading of Braemar Hotels & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of Braemar Hotels & Resorts by 154.7% during the 2nd quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock worth $1,002,000 after acquiring an additional 238,782 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Braemar Hotels & Resorts by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock valued at $656,000 after purchasing an additional 6,140 shares during the period. Catalina Capital Group LLC acquired a new stake in shares of Braemar Hotels & Resorts during the 2nd quarter worth about $47,000. Fortitude Family Office LLC lifted its stake in shares of Braemar Hotels & Resorts by 264.9% during the 2nd 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 last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Braemar Hotels & Resorts by 10.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock worth $319,000 after buying an additional 14,525 shares during the period. Institutional investors own 64.79% of the company’s stock.

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).