State of New Jersey Common Pension Fund D Has $457,000 Stock Holdings in Braemar Hotels & Resorts (NYSE:BHR)

State of New Jersey Common Pension Fund D decreased its position in Braemar Hotels & Resorts (NYSE:BHR) by 21.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,995 shares of the company’s stock after selling 40,000 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.22% of Braemar Hotels & Resorts worth $457,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in Braemar Hotels & Resorts by 216.1% in the 1st quarter. BNP Paribas Financial Markets now owns 54,745 shares of the company’s stock worth $109,000 after buying an additional 37,424 shares during the period. Gamco Investors INC. ET AL increased its position in Braemar Hotels & Resorts by 126.0% during the first quarter. Gamco Investors INC. ET AL now owns 206,200 shares of the company’s stock worth $412,000 after acquiring an additional 114,980 shares during the period. Price T Rowe Associates Inc. MD increased its position in Braemar Hotels & Resorts by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock worth $319,000 after acquiring an additional 14,525 shares during the period. Fortitude Family Office LLC increased its position in Braemar Hotels & Resorts by 264.9% during the second quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock worth $32,000 after acquiring an additional 9,108 shares during the period. Finally, Catalina Capital Group LLC bought a new position in Braemar Hotels & Resorts during the second quarter worth $47,000. 64.79% of the stock is owned by institutional investors.

Braemar Hotels & Resorts Price Performance

Shares of NYSE:BHR opened at $3.35 on Wednesday. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95. The company has a debt-to-equity ratio of 4.44, a quick ratio of 2.20 and a current ratio of 2.20. The company’s fifty day moving average is $3.14 and its 200-day moving average is $3.03. The company has a market capitalization of $222.84 million, a PE ratio of -4.35 and a beta of 2.00.

Braemar Hotels & Resorts (NYSE:BHR) last released its earnings results on Monday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The company had revenue of $148.40 million for the quarter, compared to the consensus estimate of $157.78 million. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. During the same period in the prior year, the company posted ($0.08) EPS. Equities research analysts predict that Braemar Hotels & Resorts will post 0.5 earnings per share for the current fiscal year.

Braemar Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.97%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -25.97%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

About Braemar Hotels & Resorts

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).