Braemar Hotels & Resorts (NYSE:BHR) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a hold rating to a sell rating in a research report released on Wednesday morning.

Braemar Hotels & Resorts Stock Down 0.3 %

Shares of NYSE:BHR opened at $3.25 on Wednesday. The firm has a market capitalization of $216.05 million, a P/E ratio of -2.90 and a beta of 2.00. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a 50 day moving average price of $3.18 and a 200-day moving average price of $2.75. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95.

Braemar Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given 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 yield of 6.15%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is currently -17.86%.

Institutional Investors Weigh In On Braemar Hotels & Resorts

Several hedge funds have recently added to or reduced their stakes in BHR. Fortitude Family Office LLC raised its holdings in Braemar Hotels & Resorts by 264.9% in 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 last quarter. PNC Financial Services Group Inc. increased its position in shares of Braemar Hotels & Resorts by 141.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock valued at $39,000 after acquiring an additional 9,212 shares in the last quarter. Catalina Capital Group LLC purchased a new position in Braemar Hotels & Resorts in the 2nd quarter worth approximately $47,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Braemar Hotels & Resorts in the 1st quarter valued at approximately $50,000. Finally, XTX Topco Ltd purchased a new stake in Braemar Hotels & Resorts during the 2nd quarter valued at $55,000. 64.79% of the stock is owned by institutional investors.

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).