Intech Investment Management LLC Purchases 16,415 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Intech Investment Management LLC lifted its position in shares of Braemar Hotels & Resorts (NYSE:BHR) by 140.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,066 shares of the company’s stock after purchasing an additional 16,415 shares during the period. Intech Investment Management LLC’s holdings in Braemar Hotels & Resorts were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in Braemar Hotels & Resorts by 55.0% during the 3rd quarter. Barclays PLC now owns 127,641 shares of the company’s stock worth $394,000 after buying an additional 45,284 shares during the period. Rhumbline Advisers raised its position in shares of Braemar Hotels & Resorts by 1.4% during the fourth quarter. Rhumbline Advisers now owns 393,218 shares of the company’s stock worth $1,180,000 after acquiring an additional 5,293 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Braemar Hotels & Resorts by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,425,781 shares of the company’s stock worth $4,406,000 after acquiring an additional 39,556 shares during the period. BNP Paribas Financial Markets boosted its holdings in Braemar Hotels & Resorts by 27.4% in the third quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock valued at $118,000 after acquiring an additional 8,206 shares during the last quarter. Finally, State Street Corp increased its position in Braemar Hotels & Resorts by 2.7% during the 3rd quarter. State Street Corp now owns 1,252,550 shares of the company’s stock valued at $3,932,000 after purchasing an additional 33,278 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

Braemar Hotels & Resorts Price Performance

Shares of NYSE BHR opened at $2.63 on Friday. The company has a market capitalization of $176.00 million, a PE ratio of -3.41 and a beta of 2.09. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 4.44. Braemar Hotels & Resorts has a twelve month low of $1.91 and a twelve month high of $3.95. The firm has a fifty day simple moving average of $2.73 and a 200 day simple moving average of $3.01.

Braemar Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend is Monday, March 31st. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is -25.97%.

Braemar Hotels & Resorts Profile

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).