Short Interest in Braemar Hotels & Resorts (NYSE:BHR) Increases By 29.2%

Braemar Hotels & Resorts (NYSE:BHRGet Rating) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,140,000 shares, an increase of 29.2% from the April 30th total of 2,430,000 shares. Based on an average daily trading volume, of 546,900 shares, the days-to-cover ratio is presently 5.7 days.

Shares of Braemar Hotels & Resorts stock traded down $0.02 during mid-day trading on Tuesday, reaching $5.80. 383,564 shares of the stock were exchanged, compared to its average volume of 532,481. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 2.97. The firm has a 50-day simple moving average of $5.87 and a 200 day simple moving average of $5.53. Braemar Hotels & Resorts has a fifty-two week low of $4.18 and a fifty-two week high of $6.73.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Wednesday, March 30th. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is currently -10.53%.

In related news, Director Monty J. Bennett acquired 44,444 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were purchased at an average price of $22.50 per share, for a total transaction of $999,990.00. Following the purchase, the director now owns 44,444 shares in the company, valued at $999,990. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark Nunneley acquired 9,000 shares of the company’s stock in a transaction on Wednesday, March 30th. The stock was bought at an average price of $22.50 per share, for a total transaction of $202,500.00. The disclosure for this purchase can be found here. 4.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. increased its position in Braemar Hotels & Resorts by 175.2% in the 3rd quarter. Citigroup Inc. now owns 6,095 shares of the company’s stock valued at $30,000 after acquiring an additional 3,880 shares in the last quarter. First Trust Advisors LP acquired a new stake in Braemar Hotels & Resorts in the 4th quarter valued at about $52,000. Squarepoint Ops LLC acquired a new stake in Braemar Hotels & Resorts in the 3rd quarter valued at about $57,000. ProShare Advisors LLC acquired a new stake in Braemar Hotels & Resorts in the 4th quarter valued at about $64,000. Finally, Mackenzie Financial Corp acquired a new stake in Braemar Hotels & Resorts in the 1st quarter valued at about $66,000. Hedge funds and other institutional investors own 68.99% of the company’s stock.

BHR has been the topic of several analyst reports. Oppenheimer initiated coverage on shares of Braemar Hotels & Resorts in a research note on Thursday, April 21st. They set an “outperform” rating and a $9.00 price target on the stock. Zacks Investment Research downgraded shares of Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. StockNews.com initiated coverage on shares of Braemar Hotels & Resorts in a report on Thursday, March 31st. They issued a “hold” rating for the company. B. Riley reaffirmed a “buy” rating and set a $11.00 price objective (up from $10.00) on shares of Braemar Hotels & Resorts in a report on Monday, May 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Braemar Hotels & Resorts from $15.00 to $16.00 in a report on Wednesday, May 18th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $9.80.

About Braemar Hotels & Resorts (Get Rating)

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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