Insider Buying: Braemar Hotels & Resorts (NYSE:BHR) Director Buys 2,000 Shares of Stock

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Braemar Hotels & Resorts (NYSE:BHR) Director Curtis B. Mcwilliams bought 2,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of $9.09 per share, with a total value of $18,180.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of BHR stock traded down $0.45 during trading hours on Wednesday, reaching $8.63. The company had a trading volume of 183,800 shares, compared to its average volume of 211,435. The business has a fifty day moving average of $9.24. Braemar Hotels & Resorts has a one year low of $7.89 and a one year high of $14.03. The firm has a market capitalization of $301.04 million, a price-to-earnings ratio of 5.57 and a beta of 1.14. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 2.99.

Braemar Hotels & Resorts (NYSE:BHR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.65). Braemar Hotels & Resorts had a negative return on equity of 5.22% and a negative net margin of 4.34%. The company had revenue of $118.52 million during the quarter, compared to the consensus estimate of $124.55 million. As a group, research analysts anticipate that Braemar Hotels & Resorts will post 1.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.16 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.42%. Braemar Hotels & Resorts’s dividend payout ratio is presently 41.29%.

Several hedge funds have recently made changes to their positions in the company. Gamco Investors INC. ET AL grew its stake in shares of Braemar Hotels & Resorts by 3.3% in the first quarter. Gamco Investors INC. ET AL now owns 31,000 shares of the company’s stock worth $379,000 after acquiring an additional 1,000 shares during the period. Legal & General Group Plc grew its stake in shares of Braemar Hotels & Resorts by 26.2% in the fourth quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock worth $48,000 after acquiring an additional 1,112 shares during the period. Nisa Investment Advisors LLC grew its stake 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 worth $28,000 after acquiring an additional 1,282 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake 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 worth $64,000 after acquiring an additional 1,811 shares during the period. Finally, State of Alaska Department of Revenue grew its stake 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 worth $114,000 after acquiring an additional 2,028 shares during the period. Hedge funds and other institutional investors own 73.78% of the company’s stock.

Several brokerages have issued reports on BHR. ValuEngine cut shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, June 24th. DA Davidson reaffirmed a “buy” rating on shares of Braemar Hotels & Resorts in a report on Monday, July 29th. B. Riley set a $13.00 target price on shares of Braemar Hotels & Resorts and gave the stock a “buy” rating in a report on Wednesday, July 31st. Zacks Investment Research raised shares of Braemar Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, TheStreet cut shares of Braemar Hotels & Resorts from a “c-” rating to a “d+” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.50.

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).

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