Braemar Hotels & Resorts (NYSE:BHR) Rating Increased to Hold at StockNews.com

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

Braemar Hotels & Resorts Trading Up 3.9 %

NYSE BHR opened at $2.00 on Thursday. The firm’s fifty day moving average is $2.37 and its two-hundred day moving average is $2.78. Braemar Hotels & Resorts has a one year low of $1.80 and a one year high of $3.95. The firm has a market cap of $133.76 million, a PE ratio of -2.59 and a beta of 1.06. 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 (NYSE:BHR) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. The firm had revenue of $218.41 million during the quarter, compared to analysts’ expectations of $211.64 million. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. Analysts expect 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 Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.20 annualized dividend and a dividend yield of 10.03%. Braemar Hotels & Resorts’s dividend payout ratio is presently -23.26%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Orvieto Partners L.P. bought a new stake in shares of Braemar Hotels & Resorts in the fourth quarter worth $1,480,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Braemar Hotels & Resorts during the 4th quarter valued at $1,440,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Braemar Hotels & Resorts during the fourth quarter valued at about $1,004,000. Dark Forest Capital Management LP acquired a new stake in shares of Braemar Hotels & Resorts in the 4th quarter worth approximately $360,000. Finally, Greenland Capital Management LP acquired a new stake in Braemar Hotels & Resorts in the fourth quarter worth approximately $360,000. 64.79% of the stock is owned by hedge funds and other institutional investors.

Braemar Hotels & Resorts Company Profile

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).