Braemar Hotels & Resorts (NYSE:BHR) Cut to Sell at StockNews.com

StockNews.com lowered shares of Braemar Hotels & Resorts (NYSE:BHR) from a hold rating to a sell rating in a report released on Tuesday morning.

Braemar Hotels & Resorts Stock Up 1.3 %

Shares of NYSE:BHR opened at $1.90 on Tuesday. Braemar Hotels & Resorts has a 12-month low of $1.80 and a 12-month high of $3.95. The stock’s 50-day moving average price is $2.44 and its two-hundred day moving average price is $2.82. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 4.44. The firm has a market cap of $127.05 million, a price-to-earnings ratio of -2.46 and a beta of 1.59.

Braemar Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 10.55%. The ex-dividend date of this dividend is Monday, June 30th. Braemar Hotels & Resorts’s payout ratio is currently -25.97%.

Hedge Funds Weigh In On Braemar Hotels & Resorts

A number of large investors have recently modified their holdings of BHR. 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 buying an additional 33,278 shares during the period. Barclays PLC lifted its holdings in shares of Braemar Hotels & Resorts by 55.0% during the 3rd 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. Geode Capital Management LLC boosted its position in Braemar Hotels & Resorts by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,425,781 shares of the company’s stock worth $4,406,000 after purchasing an additional 39,556 shares during the period. SG Americas Securities LLC increased its holdings in Braemar Hotels & Resorts by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 33,216 shares of the company’s stock valued at $100,000 after purchasing an additional 4,408 shares in the last quarter. Finally, Rhumbline Advisers raised its position 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 purchasing an additional 5,293 shares during the period. 64.79% of the stock is currently owned by hedge funds and other institutional investors.

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).