Bailard Inc. Lowers Stake in Braemar Hotels & Resorts (NYSE:BHR)

Bailard Inc. cut its stake in Braemar Hotels & Resorts (NYSE:BHR) by 64.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,274 shares of the company’s stock after selling 55,283 shares during the period. Bailard Inc.’s holdings in Braemar Hotels & Resorts were worth $91,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BHR. Intech Investment Management LLC purchased a new position in shares of Braemar Hotels & Resorts in the 3rd quarter worth about $36,000. BNP Paribas Financial Markets lifted its position in Braemar Hotels & Resorts by 27.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock worth $118,000 after buying an additional 8,206 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Braemar Hotels & Resorts in the third quarter worth approximately $68,000. State Street Corp grew its position in Braemar Hotels & Resorts by 2.7% during the third quarter. State Street Corp now owns 1,252,550 shares of the company’s stock valued at $3,932,000 after acquiring an additional 33,278 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Braemar Hotels & Resorts by 55.0% during the third quarter. Barclays PLC now owns 127,641 shares of the company’s stock worth $394,000 after acquiring an additional 45,284 shares in the last quarter. Institutional investors own 64.79% of the company’s stock.

Analyst Ratings Changes

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

Braemar Hotels & Resorts Stock Performance

NYSE:BHR opened at $3.04 on Thursday. The company has a debt-to-equity ratio of 4.44, a quick ratio of 2.20 and a current ratio of 2.20. Braemar Hotels & Resorts has a fifty-two week low of $1.79 and a fifty-two week high of $3.95. The business has a 50 day moving average price of $2.72 and a 200-day moving average price of $3.02. The firm has a market cap of $201.89 million, a PE ratio of -3.94 and a beta of 2.09.

Braemar Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date of this dividend is Monday, March 31st. 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).