Penserra Capital Management LLC Purchases Shares of 512,814 BRAEMAR HOTELS & RESORTS INC. $BHR

Penserra Capital Management LLC acquired a new position in shares of BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) during the 2nd quarter, Holdings Channel reports. The firm acquired 512,814 shares of the company’s stock, valued at approximately $1,256,000.

Several other hedge funds have also bought and sold shares of BHR. Russell Investments Group Ltd. grew its holdings in BRAEMAR HOTELS & RESORTS by 214,767.3% during the first quarter. Russell Investments Group Ltd. now owns 1,345,069 shares of the company’s stock worth $3,349,000 after purchasing an additional 1,344,443 shares during the period. Sowell Financial Services LLC lifted its position in shares of BRAEMAR HOTELS & RESORTS by 12.8% in the second quarter. Sowell Financial Services LLC now owns 71,171 shares of the company’s stock valued at $174,000 after buying an additional 8,055 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 1st quarter worth approximately $58,000. Noesis Capital Mangement Corp acquired a new position in shares of BRAEMAR HOTELS & RESORTS during the 2nd quarter worth approximately $172,000. Finally, Kestra Private Wealth Services LLC bought a new stake in BRAEMAR HOTELS & RESORTS in the 1st quarter valued at $148,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.

BRAEMAR HOTELS & RESORTS Price Performance

BRAEMAR HOTELS & RESORTS stock opened at $2.72 on Tuesday. The company has a market capitalization of $185.56 million, a price-to-earnings ratio of -3.53 and a beta of 1.27. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 5.50. BRAEMAR HOTELS & RESORTS INC. has a 12 month low of $1.80 and a 12 month high of $3.82. The stock’s 50 day moving average is $2.74 and its 200-day moving average is $2.46.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last released 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 firm had revenue of $143.56 million for the quarter, compared to analyst estimates of $142.62 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 0.22% and a negative net margin of 0.07%. Equities research analysts expect that BRAEMAR HOTELS & RESORTS INC. will post 0.31 EPS for the current year.

BRAEMAR HOTELS & RESORTS Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Wednesday, December 31st. BRAEMAR HOTELS & RESORTS’s payout ratio is presently -22.99%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, BRAEMAR HOTELS & RESORTS has an average rating of “Sell”.

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).