Braemar Hotels & Resorts (NYSE:BHR) Short Interest Update

Braemar Hotels & Resorts (NYSE:BHR) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 1,100,000 shares, an increase of 7.8% from the November 15th total of 1,020,000 shares. Based on an average daily trading volume, of 247,700 shares, the days-to-cover ratio is currently 4.4 days.

Hedge Funds Weigh In On Braemar Hotels & Resorts

Hedge funds have recently bought and sold shares of the company. Catalina Capital Group LLC acquired a new stake in Braemar Hotels & Resorts during the second quarter valued at approximately $47,000. Bank of New York Mellon Corp increased its holdings in shares of 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 acquiring an additional 6,140 shares during the last quarter. Rhumbline Advisers raised its position 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 valued at $1,002,000 after acquiring an additional 238,782 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 purchasing an additional 44,599 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Braemar Hotels & Resorts by 7.4% during the second quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock valued at $1,478,000 after purchasing an additional 40,100 shares during the last quarter. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Braemar Hotels & Resorts Stock Up 1.8 %

Shares of NYSE BHR traded up $0.06 during midday trading on Tuesday, reaching $3.47. 152,149 shares of the company’s stock were exchanged, compared to its average volume of 291,241. The stock has a market capitalization of $230.83 million, a PE ratio of -4.51 and a beta of 2.05. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95. The company has a debt-to-equity ratio of 4.44, a quick ratio of 2.20 and a current ratio of 2.20. The business’s fifty day moving average price is $3.27 and its two-hundred day moving average price is $3.13.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. The business had revenue of $148.40 million during the quarter, compared to analyst estimates of $157.78 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. Analysts forecast that Braemar Hotels & Resorts will post 0.43 EPS for the current year.

Braemar Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.05 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.76%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -25.97%.

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).