Braemar Hotels & Resorts (NYSE:BHR) Sees Significant Increase in Short Interest

Braemar Hotels & Resorts (NYSE:BHR) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,020,000 shares, a growth of 15.3% from the October 31st total of 884,300 shares. Based on an average trading volume of 255,800 shares, the days-to-cover ratio is currently 4.0 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Braemar Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC purchased a new position in Braemar Hotels & Resorts during the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC grew its holdings in shares of Braemar Hotels & Resorts by 264.9% during the second quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock valued at $32,000 after buying an additional 9,108 shares in the last quarter. Catalina Capital Group LLC acquired a new position in Braemar Hotels & Resorts during the second quarter valued at $47,000. XTX Topco Ltd acquired a new position in Braemar Hotels & Resorts during the second quarter valued at $55,000. Finally, Verition Fund Management LLC purchased a new stake in Braemar Hotels & Resorts in the 3rd quarter worth about $68,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Braemar Hotels & Resorts Price Performance

NYSE:BHR traded up $0.18 during mid-day trading on Friday, reaching $3.60. 145,990 shares of the stock were exchanged, compared to its average volume of 317,170. 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 business has a fifty day moving average price of $3.20 and a 200 day moving average price of $3.07. Braemar Hotels & Resorts has a 1-year low of $1.79 and a 1-year high of $3.95. The firm has a market capitalization of $239.47 million, a PE ratio of -4.68 and a beta of 2.00.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. The firm had revenue of $148.40 million for the quarter, compared to analyst estimates of $157.78 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Research analysts expect that Braemar Hotels & Resorts will post 0.43 earnings per share for the current fiscal year.

Braemar Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.56%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts’s dividend payout ratio is -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).