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

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Braemar Hotels & Resorts (NYSE:BHR) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 567,200 shares, a decrease of 25.2% from the September 30th total of 757,900 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily volume of 167,300 shares, the days-to-cover ratio is currently 3.4 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in shares of Braemar Hotels & Resorts by 84.3% in the second quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock valued at $28,000 after acquiring an additional 1,282 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Braemar Hotels & Resorts by 39.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock valued at $64,000 after acquiring an additional 1,811 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Braemar Hotels & Resorts in the second quarter valued at approximately $105,000. State of Alaska Department of Revenue lifted its position in shares of Braemar Hotels & Resorts by 21.1% in the second quarter. State of Alaska Department of Revenue now owns 11,629 shares of the company’s stock valued at $114,000 after acquiring an additional 2,028 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in shares of Braemar Hotels & Resorts in the second quarter valued at approximately $136,000. Institutional investors and hedge funds own 73.90% of the company’s stock.

A number of equities analysts have issued reports on BHR shares. Zacks Investment Research downgraded Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Deutsche Bank reiterated a “buy” rating and set a $17.00 price target on shares of Braemar Hotels & Resorts in a research report on Wednesday, November 6th. B. Riley upgraded Braemar Hotels & Resorts to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, October 9th. DA Davidson reiterated a “buy” rating on shares of Braemar Hotels & Resorts in a research report on Monday, July 29th. Finally, TheStreet downgraded Braemar Hotels & Resorts from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.75.

Shares of NYSE BHR traded down $0.09 during midday trading on Tuesday, hitting $9.15. The stock had a trading volume of 90,100 shares, compared to its average volume of 191,721. The company has a market capitalization of $305.55 million, a PE ratio of 5.90 and a beta of 1.12. The stock has a 50 day simple moving average of $9.31 and a 200-day simple moving average of $10.01. Braemar Hotels & Resorts has a 1 year low of $7.89 and a 1 year high of $14.03. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.16.

Braemar Hotels & Resorts (NYSE:BHR) last released its earnings results on Wednesday, October 30th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.20). The firm had revenue of $118.88 million during the quarter, compared to analysts’ expectations of $116.33 million. Braemar Hotels & Resorts had a negative net margin of 5.86% and a negative return on equity of 7.26%. As a group, analysts expect that Braemar Hotels & Resorts will post 1.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 6.99%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently 41.29%.

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).

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