United Services Automobile Association raised its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR) by 37.6% during the 4th quarter, Holdings Channel reports. The fund owned 259,060 shares of the company’s stock after acquiring an additional 70,823 shares during the quarter. United Services Automobile Association’s holdings in Braemar Hotels & Resorts were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Martingale Asset Management L P boosted its stake in shares of Braemar Hotels & Resorts by 0.9% during the 4th quarter. Martingale Asset Management L P now owns 149,100 shares of the company’s stock worth $1,332,000 after acquiring an additional 1,396 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Braemar Hotels & Resorts by 3.2% during the 4th quarter. California Public Employees Retirement System now owns 90,478 shares of the company’s stock worth $808,000 after acquiring an additional 2,797 shares during the last quarter. Strs Ohio boosted its stake in shares of Braemar Hotels & Resorts by 5.8% during the 4th quarter. Strs Ohio now owns 51,299 shares of the company’s stock worth $458,000 after acquiring an additional 2,809 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Braemar Hotels & Resorts by 20.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 61,576 shares of the company’s stock worth $537,000 after acquiring an additional 10,247 shares during the last quarter. Finally, Symons Capital Management Inc. purchased a new position in shares of Braemar Hotels & Resorts during the 4th quarter worth $103,000. Institutional investors and hedge funds own 75.88% of the company’s stock.

Shares of BHR stock opened at $12.14 on Monday. The firm has a market capitalization of $398.95 million, a price-to-earnings ratio of 7.83, a P/E/G ratio of 1.51 and a beta of 1.04. Braemar Hotels & Resorts has a 52 week low of $8.32 and a 52 week high of $13.74. The company has a debt-to-equity ratio of 2.54, a quick ratio of 4.49 and a current ratio of 4.49.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings results on Wednesday, February 27th. The company reported ($0.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.19). Braemar Hotels & Resorts had a net margin of 0.31% and a return on equity of 0.35%. As a group, equities analysts expect that Braemar Hotels & Resorts will post 1.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend is Thursday, March 28th. Braemar Hotels & Resorts’s payout ratio is 41.29%.

BHR has been the topic of several analyst reports. DA Davidson initiated coverage on shares of Braemar Hotels & Resorts in a research note on Friday, December 14th. They set a “buy” rating on the stock. Deutsche Bank set a $17.00 price target on shares of Braemar Hotels & Resorts and gave the stock a “buy” rating in a research note on Sunday, December 9th. Zacks Investment Research upgraded shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Thursday, January 3rd. Finally, ValuEngine upgraded shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, December 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $14.50.

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Braemar Hotels & Resorts Company 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).

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

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