Bank of New York Mellon Corp Sells 43,204 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Bank of New York Mellon Corp lowered its position in Braemar Hotels & Resorts (NYSE:BHR) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 148,565 shares of the company’s stock after selling 43,204 shares during the period. Bank of New York Mellon Corp owned 0.22% of Braemar Hotels & Resorts worth $446,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in Braemar Hotels & Resorts by 55.0% in the 3rd quarter. Barclays PLC now owns 127,641 shares of the company’s stock worth $394,000 after purchasing an additional 45,284 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 worth $4,406,000 after buying an additional 39,556 shares during the last quarter. State Street Corp boosted its holdings in shares of Braemar Hotels & Resorts by 2.7% during the 3rd quarter. State Street Corp now owns 1,252,550 shares of the company’s stock worth $3,932,000 after buying an additional 33,278 shares during the period. Verition Fund Management LLC acquired a new position in Braemar Hotels & Resorts in the 3rd quarter valued at $68,000. Finally, Intech Investment Management LLC bought a new position in Braemar Hotels & Resorts in the 3rd quarter worth $36,000. Institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Trading Down 1.6 %

Braemar Hotels & Resorts stock opened at $2.69 on Friday. Braemar Hotels & Resorts has a 52 week low of $1.91 and a 52 week high of $3.95. 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 firm has a market capitalization of $180.02 million, a PE ratio of -3.49 and a beta of 2.09. The business’s 50-day simple moving average is $2.73 and its 200-day simple moving average is $3.02.

Braemar Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date of this dividend is Monday, March 31st. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -25.97%.

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).