Braemar Hotels & Resorts (NYSE:BHR) Downgraded to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Braemar Hotels & Resorts (NYSE:BHR) from a hold rating to a sell rating in a research note published on Wednesday.

Braemar Hotels & Resorts Price Performance

BHR stock opened at $2.76 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18. Braemar Hotels & Resorts has a 52-week low of $1.79 and a 52-week high of $3.95. The stock’s 50 day moving average is $3.07 and its two-hundred day moving average is $2.97. The company has a market capitalization of $183.60 million, a PE ratio of -2.21 and a beta of 1.99.

Braemar Hotels & Resorts Dividend Announcement

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

Institutional Investors Weigh In On Braemar Hotels & Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of BHR. PNC Financial Services Group Inc. grew its position in shares of Braemar Hotels & Resorts by 141.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock worth $39,000 after acquiring an additional 9,212 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of 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. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Braemar Hotels & Resorts in the 1st quarter worth approximately $50,000. BNP Paribas Financial Markets grew its position in shares of Braemar Hotels & Resorts by 216.1% in the 1st quarter. BNP Paribas Financial Markets now owns 54,745 shares of the company’s stock worth $109,000 after acquiring an additional 37,424 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in shares of Braemar Hotels & Resorts by 126.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 206,200 shares of the company’s stock worth $412,000 after acquiring an additional 114,980 shares in the last quarter. 64.79% of the stock is currently owned by hedge funds and other 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).