BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) Short Interest Update

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 1,572,241 shares, a growth of 66.5% from the November 30th total of 944,465 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average trading volume of 889,721 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 889,721 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.5% of the company’s stock are short sold.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

Several hedge funds have recently made changes to their positions in the company. Algert Global LLC lifted its position in BRAEMAR HOTELS & RESORTS by 24.3% during the 3rd quarter. Algert Global LLC now owns 25,746 shares of the company’s stock worth $70,000 after acquiring an additional 5,030 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of BRAEMAR HOTELS & RESORTS by 94.1% in the third quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock valued at $34,000 after purchasing an additional 6,062 shares during the period. Jane Street Group LLC increased its holdings in shares of BRAEMAR HOTELS & RESORTS by 7.5% in the first quarter. Jane Street Group LLC now owns 99,519 shares of the company’s stock valued at $248,000 after purchasing an additional 6,942 shares during the period. MetLife Investment Management LLC raised its stake in shares of BRAEMAR HOTELS & RESORTS by 31.9% in the first quarter. MetLife Investment Management LLC now owns 32,760 shares of the company’s stock worth $82,000 after purchasing an additional 7,929 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of BRAEMAR HOTELS & RESORTS by 5.1% during the third quarter. Gamco Investors INC. ET AL now owns 165,300 shares of the company’s stock worth $451,000 after purchasing an additional 8,000 shares during the period. 64.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

BRAEMAR HOTELS & RESORTS Stock Up 1.9%

NYSE BHR traded up $0.06 on Friday, hitting $2.94. The stock had a trading volume of 468,571 shares, compared to its average volume of 725,244. The business’s fifty day moving average price is $2.71 and its 200 day moving average price is $2.60. The stock has a market cap of $200.22 million, a price-to-earnings ratio of -3.37 and a beta of 0.80. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.64 and a quick ratio of 1.64. BRAEMAR HOTELS & RESORTS has a 52-week low of $1.80 and a 52-week high of $3.34.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The business had revenue of $143.56 million during the quarter, compared to analyst estimates of $142.62 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 3.27% and a negative net margin of 1.04%. Equities research analysts anticipate that BRAEMAR HOTELS & RESORTS will post 0.31 earnings per share for the current year.

BRAEMAR HOTELS & RESORTS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Wednesday, December 31st. BRAEMAR HOTELS & RESORTS’s payout ratio is presently -22.99%.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.

The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.