Braemar Hotels & Resorts (NYSE:BHR) Cut to Sell at StockNews.com

Braemar Hotels & Resorts (NYSE:BHR) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Braemar Hotels & Resorts Trading Down 2.2 %

BHR stock traded down $0.07 during midday trading on Wednesday, hitting $3.11. 290,754 shares of the company’s stock were exchanged, compared to its average volume of 307,158. Braemar Hotels & Resorts has a one year low of $1.79 and a one year high of $3.95. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market cap of $206.74 million, a PE ratio of -2.78 and a beta of 2.00. The stock’s fifty day moving average price is $3.17 and its 200-day moving average price is $2.73.

Institutional Trading of Braemar Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its position in shares of Braemar Hotels & Resorts by 154.7% in the second quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock valued at $1,002,000 after acquiring an additional 238,782 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Braemar Hotels & Resorts by 126.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 206,200 shares of the company’s stock worth $412,000 after purchasing an additional 114,980 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Braemar Hotels & Resorts during the 4th quarter worth approximately $177,000. Dimensional Fund Advisors LP boosted its holdings in shares of Braemar Hotels & Resorts by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock valued at $2,035,000 after buying an additional 44,599 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Braemar Hotels & Resorts by 7.4% in the second quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock valued at $1,478,000 after buying an additional 40,100 shares in the last quarter. 64.79% of the stock is currently owned by institutional investors and hedge funds.

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).