Braemar Hotels & Resorts (NYSE:BHR) Short Interest Update

Braemar Hotels & Resorts (NYSE:BHR) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 567,200 shares, a decline of 25.2% from the September 15th total of 757,900 shares. Based on an average daily volume of 167,300 shares, the short-interest ratio is presently 3.4 days. Currently, 2.0% of the company’s stock are short sold.

A number of equities analysts recently commented on the stock. DA Davidson reiterated a “buy” rating on shares of Braemar Hotels & Resorts in a research note on Monday, July 29th. Deutsche Bank decreased their price objective on shares of Braemar Hotels & Resorts from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday. Zacks Investment Research upgraded shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, October 7th. ValuEngine upgraded shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, B. Riley upgraded shares of Braemar Hotels & Resorts to a “buy” rating and set a $13.00 price objective for the company in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $12.75.

NYSE BHR traded down $0.10 during trading hours on Monday, hitting $9.32. The company had a trading volume of 87,303 shares, compared to its average volume of 197,189. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.22 and a current ratio of 2.22. Braemar Hotels & Resorts has a 1-year low of $7.89 and a 1-year high of $14.03. The company has a market cap of $318.17 million, a PE ratio of 6.01 and a beta of 1.15. The business has a 50 day moving average of $9.31 and a 200-day moving average of $10.32.

Braemar Hotels & Resorts (NYSE:BHR) last announced its earnings results on Wednesday, July 31st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.65). Braemar Hotels & Resorts had a negative return on equity of 5.22% and a negative net margin of 4.34%. The business had revenue of $118.52 million for the quarter, compared to analyst estimates of $124.55 million. Sell-side analysts expect that Braemar Hotels & Resorts will post 1.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 6.87%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is 41.29%.

In other news, insider Mark Nunneley bought 25,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $8.08 per share, for a total transaction of $202,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have purchased 29,825 shares of company stock valued at $244,744. Insiders own 8.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new position in Braemar Hotels & Resorts during the second quarter worth about $136,000. Nisa Investment Advisors LLC increased its holdings in Braemar Hotels & Resorts by 84.3% in the second quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock valued at $28,000 after buying an additional 1,282 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Braemar Hotels & Resorts by 21.1% in the second quarter. State of Alaska Department of Revenue now owns 11,629 shares of the company’s stock valued at $114,000 after buying an additional 2,028 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Braemar Hotels & Resorts by 92.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,003 shares of the company’s stock valued at $307,000 after buying an additional 14,879 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Braemar Hotels & Resorts by 41.4% in the second quarter. Janney Montgomery Scott LLC now owns 74,085 shares of the company’s stock valued at $733,000 after buying an additional 21,704 shares in the last quarter. Institutional investors and hedge funds own 74.10% of the company’s stock.

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).

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