Braemar Hotels & Resorts (NYSE:BHR) Shares Sold by Bard Associates Inc.

Bard Associates Inc. lessened its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR) by 5.3% during the 4th quarter, Holdings Channel reports. The firm owned 298,390 shares of the company’s stock after selling 16,800 shares during the period. Bard Associates Inc.’s holdings in Braemar Hotels & Resorts were worth $910,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in 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 valued at $4,406,000 after acquiring an additional 39,556 shares in the last quarter. State Street Corp raised its holdings in Braemar Hotels & Resorts by 2.7% in the third quarter. State Street Corp now owns 1,252,550 shares of the company’s stock valued at $3,932,000 after acquiring an additional 33,278 shares in the last quarter. Rhumbline Advisers raised its holdings in Braemar Hotels & Resorts by 1.4% in the fourth quarter. Rhumbline Advisers now owns 393,218 shares of the company’s stock valued at $1,180,000 after acquiring an additional 5,293 shares in the last quarter. Barclays PLC raised its holdings in Braemar Hotels & Resorts by 55.0% in the third quarter. Barclays PLC now owns 127,641 shares of the company’s stock valued at $394,000 after acquiring an additional 45,284 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Braemar Hotels & Resorts by 27.4% in 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. Institutional investors and hedge funds own 64.79% of the company’s stock.

Braemar Hotels & Resorts Stock Down 0.7 %

BHR stock opened at $2.85 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 4.44. Braemar Hotels & Resorts has a twelve month low of $1.79 and a twelve month high of $3.95. The company’s 50 day moving average is $2.73 and its two-hundred day moving average is $3.02. The stock has a market cap of $189.59 million, a P/E ratio of -3.70 and a beta of 2.05.

Braemar Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 7.02%. Braemar Hotels & Resorts’s payout ratio is currently -25.97%.

Wall Street Analysts Forecast Growth

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

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).