Braemar Hotels & Resorts (NYSE:BHR) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 393,218 shares of the company’s stock after purchasing an additional 5,293 shares during the period. Rhumbline Advisers owned 0.59% of Braemar Hotels & Resorts worth $1,180,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC increased its position in Braemar Hotels & Resorts by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 33,216 shares of the company’s stock valued at $100,000 after buying an additional 4,408 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 in the last quarter. Intech Investment Management LLC purchased a new position in shares of Braemar Hotels & Resorts in the 3rd quarter valued at approximately $36,000. Verition Fund Management LLC acquired a new stake in Braemar Hotels & Resorts in the 3rd quarter worth approximately $68,000. Finally, State Street Corp boosted its stake in Braemar Hotels & Resorts by 2.7% in the 3rd quarter. State Street Corp now owns 1,252,550 shares of the company’s stock worth $3,932,000 after purchasing an additional 33,278 shares in the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Analyst Ratings Changes

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

Braemar Hotels & Resorts Stock Performance

Shares of BHR opened at $3.04 on Thursday. The company has a debt-to-equity ratio of 4.44, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a 50-day moving average of $2.72 and a two-hundred day moving average of $3.02. The stock has a market cap of $201.89 million, a P/E ratio of -3.94 and a beta of 2.09. Braemar Hotels & Resorts has a one year low of $1.79 and a one year high of $3.95.

Braemar Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend is Monday, March 31st. 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).