Barclays PLC Purchases 45,284 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Barclays PLC increased its holdings in Braemar Hotels & Resorts (NYSE:BHR) by 55.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 127,641 shares of the company’s stock after buying an additional 45,284 shares during the period. Barclays PLC owned 0.19% of Braemar Hotels & Resorts worth $394,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BHR. Rhumbline Advisers increased its stake in Braemar Hotels & Resorts by 154.7% in the 2nd quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock worth $1,002,000 after acquiring an additional 238,782 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Braemar Hotels & Resorts by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock worth $2,035,000 after purchasing an additional 44,599 shares in the last quarter. Renaissance Technologies LLC increased its position 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 worth $1,478,000 after purchasing an additional 40,100 shares during the last quarter. Geode Capital Management LLC raised its stake in Braemar Hotels & Resorts by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,425,781 shares of the company’s stock valued at $4,406,000 after purchasing an additional 39,556 shares in the last quarter. Finally, PFG Investments LLC lifted its position in Braemar Hotels & Resorts by 74.4% during the third quarter. PFG Investments LLC now owns 79,512 shares of the company’s stock valued at $246,000 after purchasing an additional 33,932 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Trading Up 0.6 %

Shares of BHR stock opened at $2.56 on Friday. The business has a 50-day moving average price of $3.23 and a two-hundred day moving average price of $3.16. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month high of $3.95. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 4.44. The firm has a market cap of $169.96 million, a P/E ratio of -3.32 and a beta of 2.08.

Braemar Hotels & Resorts (NYSE:BHR) last released its earnings results on Monday, November 11th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 0.78% and a negative net margin of 0.30%. During the same quarter in the previous year, the company posted ($0.08) EPS. Equities analysts anticipate that Braemar Hotels & Resorts will post 0.43 EPS for the current fiscal year.

Braemar Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend is Monday, March 31st. Braemar Hotels & Resorts’s dividend payout ratio is currently -25.97%.

Wall Street Analysts Forecast Growth

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

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).