Russell Investments Group Ltd. Reduces Stock Holdings in BRAEMAR HOTELS & RESORTS INC. $BHR

Russell Investments Group Ltd. trimmed its position in shares of BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) by 14.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,149,087 shares of the company’s stock after selling 195,982 shares during the period. Russell Investments Group Ltd. owned 1.71% of BRAEMAR HOTELS & RESORTS worth $2,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BHR. HighTower Advisors LLC bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 1st quarter worth $25,000. Strs Ohio purchased a new stake in BRAEMAR HOTELS & RESORTS during the first quarter valued at about $32,000. Los Angeles Capital Management LLC bought a new position in BRAEMAR HOTELS & RESORTS during the second quarter worth about $59,000. MetLife Investment Management LLC boosted its position in BRAEMAR HOTELS & RESORTS by 31.9% during the first quarter. MetLife Investment Management LLC now owns 32,760 shares of the company’s stock worth $82,000 after purchasing an additional 7,929 shares during the period. Finally, Noesis Capital Mangement Corp purchased a new position in shares of BRAEMAR HOTELS & RESORTS in the second quarter worth about $172,000. 64.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Monday, December 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, BRAEMAR HOTELS & RESORTS presently has an average rating of “Sell”.

BRAEMAR HOTELS & RESORTS Price Performance

BHR stock opened at $2.59 on Tuesday. The firm has a 50 day moving average of $2.66 and a 200-day moving average of $2.55. The firm has a market capitalization of $176.35 million, a P/E ratio of -2.97 and a beta of 0.80. BRAEMAR HOTELS & RESORTS INC. has a 12 month low of $1.80 and a 12 month high of $3.60. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 5.64.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last posted its earnings results on Tuesday, November 4th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). BRAEMAR HOTELS & RESORTS had a negative return on equity of 3.27% and a negative net margin of 1.04%.The firm had revenue of $143.56 million for the quarter, compared to the consensus estimate of $142.62 million. As a group, sell-side analysts predict that BRAEMAR HOTELS & RESORTS INC. will post 0.31 earnings per share for the current fiscal year.

BRAEMAR HOTELS & RESORTS Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Wednesday, December 31st. BRAEMAR HOTELS & RESORTS’s dividend payout ratio (DPR) is -22.99%.

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).