Campbell Capital Management Inc. Cuts Stock Holdings in Braemar Hotels & Resorts (NYSE:BHR)

Campbell Capital Management Inc. trimmed its position in shares of Braemar Hotels & Resorts (NYSE:BHR) by 44.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 174,660 shares of the company’s stock after selling 142,164 shares during the period. Campbell Capital Management Inc.’s holdings in Braemar Hotels & Resorts were worth $540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of Braemar Hotels & Resorts by 216.1% during the 1st quarter. BNP Paribas Financial Markets now owns 54,745 shares of the company’s stock valued at $109,000 after purchasing an additional 37,424 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in 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 worth $119,000 after acquiring an additional 4,994 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Braemar Hotels & Resorts by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock worth $1,478,000 after acquiring an additional 40,100 shares in the last quarter. Rhumbline Advisers increased its holdings in Braemar Hotels & Resorts by 154.7% in 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in 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 worth $319,000 after acquiring an additional 14,525 shares in the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Braemar Hotels & Resorts Price Performance

Shares of NYSE BHR opened at $2.76 on Friday. The firm has a market cap of $183.60 million, a PE ratio of -2.21 and a beta of 1.99. The firm has a fifty day moving average of $3.07 and a 200 day moving average of $2.97. 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 has a one year low of $1.79 and a one year high of $3.95.

Braemar Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 7.25%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts’s payout ratio is presently -16.00%.

About Braemar Hotels & Resorts

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).