Braemar Hotels & Resorts (NYSE:BHR) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in Braemar Hotels & Resorts (NYSE:BHRFree Report) by 141.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,736 shares of the company’s stock after buying an additional 9,212 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Braemar Hotels & Resorts were worth $39,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC lifted 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in 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 worth $89,000 after purchasing an additional 9,091 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in 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 worth $136,000 after purchasing an additional 9,595 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Braemar Hotels & Resorts by 28.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 68,100 shares of the company’s stock worth $170,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Braemar Hotels & Resorts by 15.6% in the 4th quarter. Raymond James & Associates now owns 73,900 shares of the company’s stock worth $185,000 after purchasing an additional 10,000 shares in the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on BHR

Braemar Hotels & Resorts Stock Up 2.7 %

BHR stock opened at $2.99 on Tuesday. The firm has a market cap of $198.78 million, a PE ratio of -2.67 and a beta of 2.00. The company has a debt-to-equity ratio of 4.14, a quick ratio of 1.98 and a current ratio of 1.98. The firm’s 50 day moving average price is $2.75 and its 200-day moving average price is $2.44. Braemar Hotels & Resorts has a one year low of $1.79 and a one year high of $4.09.

Braemar Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.69%. The ex-dividend date is Friday, June 28th. Braemar Hotels & Resorts’s payout ratio is presently -17.86%.

Braemar Hotels & Resorts Profile

(Free Report)

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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