LSV Asset Management Sells 413,851 Shares of Braemar Hotels & Resorts (NYSE:BHR)

LSV Asset Management trimmed its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR) by 18.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,888,281 shares of the company’s stock after selling 413,851 shares during the period. LSV Asset Management owned approximately 2.84% of Braemar Hotels & Resorts worth $5,665,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. SG Americas Securities LLC lifted its stake in Braemar Hotels & Resorts by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 33,216 shares of the company’s stock worth $100,000 after purchasing an additional 4,408 shares during the period. Rhumbline Advisers raised its holdings in shares of Braemar Hotels & Resorts by 1.4% in the 4th quarter. Rhumbline Advisers now owns 393,218 shares of the company’s stock worth $1,180,000 after buying an additional 5,293 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Braemar Hotels & Resorts by 27.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock worth $118,000 after buying an additional 8,206 shares during the period. Renaissance Technologies LLC boosted its stake in Braemar Hotels & Resorts by 2.3% in the 4th quarter. Renaissance Technologies LLC now owns 667,100 shares of the company’s stock valued at $2,001,000 after buying an additional 15,100 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Braemar Hotels & Resorts by 140.9% in the fourth quarter. Intech Investment Management LLC now owns 28,066 shares of the company’s stock valued at $84,000 after acquiring an additional 16,415 shares during the period. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Braemar Hotels & Resorts Stock Performance

Braemar Hotels & Resorts stock opened at $1.96 on Monday. The firm has a market capitalization of $131.08 million, a P/E ratio of -2.54 and a beta of 1.59. The stock has a fifty day moving average price of $2.65 and a two-hundred day moving average price of $2.93. Braemar Hotels & Resorts has a 52-week low of $1.83 and a 52-week high of $3.95. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20.

Braemar Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 10.23%. The ex-dividend date is Monday, June 30th. Braemar Hotels & Resorts’s dividend payout ratio is currently -25.97%.

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).