Segall Bryant & Hamill LLC Invests $350,000 in Braemar Hotels & Resorts (NYSE:BHR)

Segall Bryant & Hamill LLC bought a new position in Braemar Hotels & Resorts (NYSE:BHR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 116,537 shares of the company’s stock, valued at approximately $350,000.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC bought a new position in Braemar Hotels & Resorts in the third quarter worth $36,000. Verition Fund Management LLC purchased a new stake in shares of Braemar Hotels & Resorts in the 3rd quarter worth about $68,000. SG Americas Securities LLC increased its stake in shares of Braemar Hotels & Resorts by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 33,216 shares of the company’s stock worth $100,000 after acquiring an additional 4,408 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Braemar Hotels & Resorts by 27.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock worth $118,000 after acquiring an additional 8,206 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Braemar Hotels & Resorts during the fourth quarter worth about $162,000. 64.79% of the stock is currently owned by institutional investors.

Braemar Hotels & Resorts Price Performance

Shares of NYSE BHR opened at $2.63 on Friday. Braemar Hotels & Resorts has a fifty-two week low of $1.91 and a fifty-two week high of $3.95. The company has a 50 day simple moving average of $2.73 and a two-hundred day simple moving average of $3.01. The company has a market capitalization of $176.00 million, a price-to-earnings ratio of -3.41 and a beta of 2.09. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date is Monday, March 31st. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -25.97%.

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).