LSV Asset Management Lowers Stock Holdings in Braemar Hotels & Resorts (NYSE:BHR)

LSV Asset Management cut its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 2,983,748 shares of the company’s stock after selling 63,840 shares during the quarter. LSV Asset Management’s holdings in Braemar Hotels & Resorts were worth $7,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Braemar Hotels & Resorts by 21.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 54,269 shares of the company’s stock valued at $136,000 after acquiring an additional 9,595 shares in the last quarter. Raymond James & Associates increased its position in Braemar Hotels & Resorts by 15.6% during the 4th quarter. Raymond James & Associates now owns 73,900 shares of the company’s stock worth $185,000 after purchasing an additional 10,000 shares during the period. SG Americas Securities LLC increased its position in Braemar Hotels & Resorts by 25.2% during the 4th quarter. SG Americas Securities LLC now owns 35,867 shares of the company’s stock worth $90,000 after purchasing an additional 7,226 shares during the period. Campbell Capital Management Inc. purchased a new position in shares of Braemar Hotels & Resorts during the 4th quarter worth approximately $345,000. Finally, Ironwood Investment Management LLC lifted its holdings in shares of Braemar Hotels & Resorts by 11.4% in the 3rd quarter. Ironwood Investment Management LLC now owns 380,343 shares of the company’s stock valued at $1,054,000 after buying an additional 39,000 shares during the period. 64.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley cut their price objective on Braemar Hotels & Resorts from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Monday, March 18th.

Braemar Hotels & Resorts Stock Down 4.1 %

BHR stock opened at $2.57 on Thursday. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $4.37. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.93. The company has a market cap of $170.85 million, a P/E ratio of -2.29 and a beta of 2.02. The company’s 50-day moving average price is $2.25 and its 200 day moving average price is $2.32.

Braemar Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.78%. The ex-dividend date of this dividend is Friday, June 28th. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -17.86%.

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).