Barclays PLC Increases Stock Holdings in Braemar Hotels & Resorts (NYSE:BHR)

Barclays PLC lifted its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 55.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,641 shares of the company’s stock after purchasing an additional 45,284 shares during the quarter. Barclays PLC’s holdings in Braemar Hotels & Resorts were worth $394,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Braemar Hotels & Resorts by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock valued at $656,000 after buying an additional 6,140 shares during the period. Rhumbline Advisers increased its stake in shares of Braemar Hotels & Resorts by 154.7% during the second quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock worth $1,002,000 after acquiring an additional 238,782 shares during the period. Dimensional Fund Advisors LP raised its holdings in Braemar Hotels & Resorts by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company’s stock worth $2,035,000 after purchasing an additional 44,599 shares in the last quarter. Renaissance Technologies LLC lifted its position in Braemar Hotels & Resorts by 7.4% in the second quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock valued at $1,478,000 after purchasing an additional 40,100 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Braemar Hotels & Resorts in the 2nd quarter valued at approximately $55,000. 64.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Braemar Hotels & Resorts Price Performance

Shares of NYSE BHR opened at $3.03 on Friday. The company has a debt-to-equity ratio of 4.44, a quick ratio of 2.20 and a current ratio of 2.20. Braemar Hotels & Resorts has a one year low of $1.79 and a one year high of $3.95. The firm has a market capitalization of $201.56 million, a P/E ratio of -3.94 and a beta of 2.04. The company’s fifty day moving average is $3.29 and its two-hundred day moving average is $3.15.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $157.78 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. Analysts forecast that Braemar Hotels & Resorts will post 0.43 EPS for the current fiscal year.

Braemar Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend is Tuesday, December 31st. 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).