Traders Buy Large Volume of Braemar Hotels & Resorts Call Options (NYSE:BHR)

Braemar Hotels & Resorts (NYSE:BHRGet Free Report) was the recipient of unusually large options trading activity on Friday. Investors bought 3,408 call options on the stock. This represents an increase of approximately 2,563% compared to the average volume of 128 call options.

Hedge Funds Weigh In On Braemar Hotels & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in Braemar Hotels & Resorts by 141.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock valued at $39,000 after buying an additional 9,212 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Braemar Hotels & Resorts during the first quarter worth $50,000. SG Americas Securities LLC increased its stake in Braemar Hotels & Resorts by 25.2% in the 4th quarter. SG Americas Securities LLC now owns 35,867 shares of the company’s stock valued at $90,000 after buying an additional 7,226 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Braemar Hotels & Resorts by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 36,390 shares of the company’s stock valued at $89,000 after acquiring an additional 9,091 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Braemar Hotels & Resorts by 21.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 54,269 shares of the company’s stock valued at $136,000 after acquiring an additional 9,595 shares during the period. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Braemar Hotels & Resorts Stock Performance

NYSE BHR opened at $2.91 on Friday. The stock has a market cap of $193.45 million, a P/E ratio of -2.60 and a beta of 2.00. The company’s 50-day simple moving average is $2.75 and its 200 day simple moving average is $2.44. Braemar Hotels & Resorts has a twelve month low of $1.79 and a twelve month high of $4.09. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 4.14.

Braemar Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.05 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a yield of 6.87%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -17.86%.

Analyst Ratings Changes

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

Read Our Latest Report on Braemar Hotels & Resorts

About Braemar Hotels & Resorts

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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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