Barclays PLC Increases Stake in Braemar Hotels & Resorts (NYSE:BHR)

Barclays PLC increased its stake in Braemar Hotels & Resorts (NYSE:BHR) by 55.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,641 shares of the company’s stock after acquiring an additional 45,284 shares during the period. Barclays PLC owned approximately 0.19% of Braemar Hotels & Resorts worth $394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Braemar Hotels & Resorts by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock valued at $656,000 after buying an additional 6,140 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Braemar Hotels & Resorts by 154.7% in the 2nd 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. Dimensional Fund Advisors LP raised its position in shares of Braemar Hotels & Resorts by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock worth $2,035,000 after acquiring an additional 44,599 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Braemar Hotels & Resorts by 7.4% during the 2nd quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock worth $1,478,000 after acquiring an additional 40,100 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Braemar Hotels & Resorts during the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Analysts Set New Price Targets

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

Braemar Hotels & Resorts Price Performance

Shares of BHR opened at $3.03 on Friday. The firm has a fifty day moving average price of $3.29 and a 200 day moving average price of $3.15. The stock has a market cap of $201.56 million, a PE ratio of -3.94 and a beta of 2.04. Braemar Hotels & Resorts has a 1-year low of $1.79 and a 1-year high of $3.95. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20.

Braemar Hotels & Resorts (NYSE:BHR) last announced its earnings results on Monday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The firm had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $157.78 million. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. During the same period in the prior year, the firm earned ($0.08) EPS. As a group, sell-side analysts anticipate that Braemar Hotels & Resorts will post 0.43 EPS for the current year.

Braemar Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.60%. Braemar Hotels & Resorts’s payout ratio is -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).