Rockefeller Capital Management L.P. Sells 34,000 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Rockefeller Capital Management L.P. decreased its position in Braemar Hotels & Resorts (NYSE:BHR) by 17.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 158,255 shares of the company’s stock after selling 34,000 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.24% of Braemar Hotels & Resorts worth $489,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BHR. Bank of New York Mellon Corp boosted its holdings in Braemar Hotels & Resorts by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock valued at $656,000 after acquiring an additional 6,140 shares during the period. BNP Paribas Financial Markets increased its position in shares of Braemar Hotels & Resorts by 27.4% during the third quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock valued at $118,000 after acquiring an additional 8,206 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Braemar Hotels & Resorts in the third quarter valued at approximately $36,000. Price T Rowe Associates Inc. MD boosted its holdings in Braemar Hotels & Resorts by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock valued at $319,000 after purchasing an additional 14,525 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Braemar Hotels & Resorts by 140.4% in the third quarter. SG Americas Securities LLC now owns 28,808 shares of the company’s stock valued at $89,000 after acquiring an additional 16,826 shares in the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

Braemar Hotels & Resorts Stock Performance

Shares of NYSE:BHR opened at $3.49 on Wednesday. The firm has a market capitalization of $232.15 million, a PE ratio of -4.53 and a beta of 2.04. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20. The business has a 50-day moving average of $3.24 and a two-hundred day moving average of $3.11. Braemar Hotels & Resorts has a 12 month low of $1.79 and a 12 month high of $3.95.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $148.40 million during the quarter, compared to the consensus estimate of $157.78 million. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. During the same quarter last year, the company earned ($0.08) earnings per share. As a group, research analysts forecast that Braemar Hotels & Resorts will post 0.43 earnings per share for the current year.

Braemar Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date of this dividend is Tuesday, December 31st. Braemar Hotels & Resorts’s payout ratio is currently -25.97%.

Braemar Hotels & Resorts 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).