Los Angeles Capital Management LLC Invests $59,000 in BRAEMAR HOTELS & RESORTS INC. $BHR

Los Angeles Capital Management LLC acquired a new stake in shares of BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 24,285 shares of the company’s stock, valued at approximately $59,000.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC acquired a new stake in BRAEMAR HOTELS & RESORTS during the 1st quarter worth approximately $25,000. Strs Ohio bought a new stake in shares of BRAEMAR HOTELS & RESORTS during the first quarter worth $32,000. HB Wealth Management LLC acquired a new stake in shares of BRAEMAR HOTELS & RESORTS during the first quarter worth $58,000. MetLife Investment Management LLC lifted its position in BRAEMAR HOTELS & RESORTS by 31.9% in the 1st quarter. MetLife Investment Management LLC now owns 32,760 shares of the company’s stock valued at $82,000 after acquiring an additional 7,929 shares in the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in BRAEMAR HOTELS & RESORTS in the 1st quarter valued at $148,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

BRAEMAR HOTELS & RESORTS Price Performance

Shares of BHR opened at $2.62 on Wednesday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 5.50. BRAEMAR HOTELS & RESORTS INC. has a twelve month low of $1.80 and a twelve month high of $3.73. The stock has a market capitalization of $178.39 million, a P/E ratio of -3.40 and a beta of 1.28. The company has a 50 day moving average of $2.72 and a 200-day moving average of $2.49.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last announced its earnings results on Tuesday, November 4th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.08). BRAEMAR HOTELS & RESORTS had a negative return on equity of 0.22% and a negative net margin of 0.07%.The business had revenue of $143.56 million for the quarter, compared to analyst estimates of $142.62 million. As a group, equities research analysts forecast that BRAEMAR HOTELS & RESORTS INC. will post 0.31 EPS for the current fiscal year.

BRAEMAR HOTELS & RESORTS Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.6%. BRAEMAR HOTELS & RESORTS’s payout ratio is currently -22.99%.

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).