Intech Investment Management LLC Purchases Shares of 11,651 Braemar Hotels & Resorts (NYSE:BHR)

Intech Investment Management LLC acquired a new position in Braemar Hotels & Resorts (NYSE:BHR) in the third quarter, Holdings Channel.com reports. The firm acquired 11,651 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in shares of Braemar Hotels & Resorts by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock valued at $1,478,000 after acquiring an additional 40,100 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Braemar Hotels & Resorts by 154.7% in the second quarter. Rhumbline Advisers now owns 393,108 shares of the company’s stock worth $1,002,000 after purchasing an additional 238,782 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Braemar Hotels & Resorts by 10.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock worth $319,000 after buying an additional 14,525 shares during the period. Bank of New York Mellon Corp boosted its position in Braemar Hotels & Resorts by 2.4% during 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. Finally, XTX Topco Ltd bought a new stake in Braemar Hotels & Resorts in the 2nd quarter worth $55,000. 64.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Braemar Hotels & Resorts Price Performance

Shares of Braemar Hotels & Resorts stock opened at $3.42 on Tuesday. The company has a market cap of $227.50 million, a PE ratio of -4.44 and a beta of 2.04. The business has a 50 day moving average of $3.23 and a 200 day moving average of $3.10. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95. 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 (NYSE:BHR) last posted its earnings results on Monday, November 11th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $157.78 million. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. During the same period last year, the company posted ($0.08) EPS. As a group, equities research analysts forecast that Braemar Hotels & Resorts will post 0.43 earnings per share for the current year.

Braemar Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Tuesday, December 31st. Braemar Hotels & Resorts’s dividend payout ratio is currently -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).