State Board of Administration of Florida Retirement System grew its stake in Braemar Hotels & Resorts (NYSE:BHR) by 12.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,453 shares of the company’s stock after purchasing an additional 20,001 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.56% of Braemar Hotels & Resorts worth $2,136,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA bought a new stake in shares of Braemar Hotels & Resorts in the 2nd quarter valued at approximately $105,000. State of Alaska Department of Revenue bought a new stake in shares of Braemar Hotels & Resorts in the 3rd quarter valued at approximately $109,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Braemar Hotels & Resorts in the 2nd quarter valued at approximately $120,000. Schroder Investment Management Group bought a new stake in shares of Braemar Hotels & Resorts in the 2nd quarter valued at approximately $128,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Braemar Hotels & Resorts in the 2nd quarter valued at approximately $151,000. 78.71% of the stock is owned by institutional investors and hedge funds.

Shares of BHR stock opened at $9.54 on Monday. Braemar Hotels & Resorts has a 52-week low of $8.44 and a 52-week high of $12.10. The company has a debt-to-equity ratio of 2.69, a current ratio of 4.17 and a quick ratio of 4.17. The company has a market cap of $310.17 million, a P/E ratio of 5.89 and a beta of 0.85.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings results on Wednesday, October 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.07. Braemar Hotels & Resorts had a return on equity of 10.28% and a net margin of 9.08%. The firm had revenue of $108.85 million during the quarter, compared to analyst estimates of $110.46 million. Research analysts expect that Braemar Hotels & Resorts will post 1.43 EPS for the current year.

A number of brokerages recently issued reports on BHR. ValuEngine raised Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Zacks Investment Research lowered Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. B. Riley set a $14.00 price target on Braemar Hotels & Resorts and gave the stock a “buy” rating in a research note on Friday, November 2nd. Finally, Deutsche Bank set a $15.00 price target on Braemar Hotels & Resorts and gave the stock a “buy” rating in a research note on Monday, August 6th.

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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).

Further Reading: What is the balance sheet?

Institutional Ownership by Quarter for Braemar Hotels & Resorts (NYSE:BHR)

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