State Street Corp Buys 33,278 Shares of Braemar Hotels & Resorts (NYSE:BHR)

State Street Corp grew its position in Braemar Hotels & Resorts (NYSE:BHR) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,252,550 shares of the company’s stock after purchasing an additional 33,278 shares during the quarter. State Street Corp owned approximately 1.88% of Braemar Hotels & Resorts worth $3,932,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of 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 acquiring an additional 6,140 shares during the period. BNP Paribas Financial Markets boosted its holdings in Braemar Hotels & Resorts by 27.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock valued at $118,000 after purchasing an additional 8,206 shares during the period. Intech Investment Management LLC acquired a new stake in Braemar Hotels & Resorts in the 3rd quarter worth $36,000. SG Americas Securities LLC grew its position in Braemar Hotels & Resorts by 140.4% during the third quarter. SG Americas Securities LLC now owns 28,808 shares of the company’s stock worth $89,000 after buying an additional 16,826 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Braemar Hotels & Resorts during the second quarter valued at about $55,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Braemar Hotels & Resorts Stock Performance

NYSE:BHR opened at $3.17 on Tuesday. The firm has a market capitalization of $210.87 million, a PE ratio of -4.12 and a beta of 2.05. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 4.44. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month high of $3.95. The firm has a 50-day moving average price of $3.29 and a 200 day moving average price of $3.15.

Braemar Hotels & Resorts (NYSE:BHR) last posted its earnings results on Monday, November 11th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate 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 business had revenue of $148.40 million during the quarter, compared to the consensus estimate of $157.78 million. During the same quarter last year, the company earned ($0.08) EPS. Research analysts anticipate that Braemar Hotels & Resorts will post 0.43 earnings per share for the current fiscal year.

Braemar Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given 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 yield of 6.31%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -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).