Braemar Hotels & Resorts (NYSE:BHR) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 20.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,692 shares of the company’s stock after selling 38,985 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.22% of Braemar Hotels & Resorts worth $459,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BHR. Fortitude Family Office LLC boosted its position in shares of Braemar Hotels & Resorts by 264.9% during the second quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock worth $32,000 after buying an additional 9,108 shares during the period. Catalina Capital Group LLC acquired a new position in Braemar Hotels & Resorts during the 2nd quarter worth about $47,000. XTX Topco Ltd purchased a new position in Braemar Hotels & Resorts during the 2nd quarter valued at about $55,000. SG Americas Securities LLC boosted its holdings in Braemar Hotels & Resorts by 140.4% during the 3rd 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 during the period. Finally, PFG Investments LLC grew its position in Braemar Hotels & Resorts by 74.4% in the 3rd quarter. PFG Investments LLC now owns 79,512 shares of the company’s stock valued at $246,000 after acquiring an additional 33,932 shares in the last quarter. Institutional investors and hedge funds 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 research report on Thursday, November 7th.

Braemar Hotels & Resorts Stock Performance

Shares of BHR stock opened at $3.60 on Friday. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95. The firm has a 50 day moving average of $3.19 and a two-hundred day moving average of $3.06. 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 stock has a market capitalization of $239.47 million, a PE ratio of -4.44 and a beta of 2.00.

Braemar Hotels & Resorts (NYSE:BHR) last released 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. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. The firm had revenue of $148.40 million during the quarter, compared to analyst estimates of $157.78 million. During the same period last year, the business posted ($0.08) earnings per share. On average, research analysts predict that Braemar Hotels & Resorts will post 0.43 EPS for the current fiscal year.

Braemar Hotels & Resorts Announces Dividend

The business also recently disclosed 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 5.56%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts’s dividend payout ratio 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).