Allspring Global Investments Holdings LLC Buys 9,595 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Allspring Global Investments Holdings LLC boosted its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 21.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 54,269 shares of the company’s stock after buying an additional 9,595 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Braemar Hotels & Resorts were worth $136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of BHR. Ironwood Investment Management LLC boosted its stake in Braemar Hotels & Resorts by 11.4% during the third quarter. Ironwood Investment Management LLC now owns 380,343 shares of the company’s stock worth $1,054,000 after buying an additional 39,000 shares in the last quarter. Campbell Capital Management Inc. acquired a new stake in Braemar Hotels & Resorts during the fourth quarter valued at approximately $345,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Braemar Hotels & Resorts by 46.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,632 shares of the company’s stock valued at $270,000 after buying an additional 30,996 shares in the last quarter. Hsbc Holdings PLC grew its position in Braemar Hotels & Resorts by 42.8% in the third quarter. Hsbc Holdings PLC now owns 88,434 shares of the company’s stock valued at $243,000 after acquiring an additional 26,512 shares during the period. Finally, Raymond James & Associates raised its stake in Braemar Hotels & Resorts by 15.6% during the fourth quarter. Raymond James & Associates now owns 73,900 shares of the company’s stock worth $185,000 after acquiring an additional 10,000 shares in the last quarter. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley cut their price target on shares of Braemar Hotels & Resorts from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Monday, March 18th.

Braemar Hotels & Resorts Trading Up 6.1 %

BHR stock opened at $2.79 on Monday. The business has a fifty day moving average price of $2.19 and a 200 day moving average price of $2.33. The company has a debt-to-equity ratio of 3.93, a current ratio of 1.50 and a quick ratio of 1.50. Braemar Hotels & Resorts has a fifty-two week low of $1.79 and a fifty-two week high of $4.37. The stock has a market capitalization of $185.59 million, a price-to-earnings ratio of -2.49 and a beta of 2.19.

Braemar Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.05 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.17%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -17.86%.

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).