Ironwood Investment Management LLC Has $962,000 Stock Holdings in Braemar Hotels & Resorts (NYSE:BHR)

Ironwood Investment Management LLC trimmed its holdings in Braemar Hotels & Resorts (NYSE:BHR) by 23.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 377,282 shares of the company’s stock after selling 116,000 shares during the quarter. Ironwood Investment Management LLC owned about 0.57% of Braemar Hotels & Resorts worth $962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Fortitude Family Office LLC increased its holdings in Braemar Hotels & Resorts by 264.9% in the second quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock valued at $32,000 after purchasing an additional 9,108 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Braemar Hotels & Resorts by 141.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock worth $39,000 after buying an additional 9,212 shares during the period. Catalina Capital Group LLC bought a new position in Braemar Hotels & Resorts during the second quarter worth about $47,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Braemar Hotels & Resorts in the first quarter valued at about $50,000. Finally, XTX Topco Ltd bought a new stake in shares of Braemar Hotels & Resorts in the second quarter worth about $55,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Braemar Hotels & Resorts Trading Down 4.7 %

Shares of Braemar Hotels & Resorts stock opened at $3.28 on Monday. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month high of $3.95. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18. The business’s 50 day moving average is $3.15 and its 200-day moving average is $2.81. The stock has a market cap of $218.04 million, a P/E ratio of -2.93 and a beta of 2.00.

Braemar Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date of this dividend is Monday, September 30th. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -17.86%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 18th.

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).