Braemar Hotels & Resorts (NYSE:BHR) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR) by 27.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,127 shares of the company’s stock after purchasing an additional 8,206 shares during the period. BNP Paribas Financial Markets owned about 0.06% of Braemar Hotels & Resorts worth $118,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BHR. Intech Investment Management LLC acquired a new stake in Braemar Hotels & Resorts during the 3rd quarter worth approximately $36,000. Catalina Capital Group LLC purchased a new stake in shares of Braemar Hotels & Resorts during the second quarter worth $47,000. XTX Topco Ltd acquired a new stake in shares of Braemar Hotels & Resorts in the second quarter valued at $55,000. SG Americas Securities LLC boosted its holdings in Braemar Hotels & Resorts by 140.4% in the third quarter. SG Americas Securities LLC now owns 28,808 shares of the company’s stock valued at $89,000 after purchasing an additional 16,826 shares during the period. Finally, PFG Investments LLC grew its stake in Braemar Hotels & Resorts by 74.4% during the 3rd quarter. PFG Investments LLC now owns 79,512 shares of the company’s stock worth $246,000 after purchasing an additional 33,932 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Braemar Hotels & Resorts Trading Down 7.2 %

Shares of NYSE:BHR opened at $3.22 on Thursday. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $3.95. The company’s 50 day moving average is $3.28 and its two-hundred day moving average is $3.13. The company has a market cap of $214.20 million, a PE ratio of -4.18 and a beta of 2.05. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 4.44.

Braemar Hotels & Resorts (NYSE:BHR) last posted its earnings results on Monday, November 11th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $148.40 million for the quarter, compared to analyst estimates of $157.78 million. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. During the same quarter in the prior year, the company posted ($0.08) earnings per share. Equities analysts predict that Braemar Hotels & Resorts will post 0.43 earnings per share for the current fiscal year.

Braemar Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 6.21%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts’s payout ratio is -25.97%.

Analyst Ratings Changes

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

Braemar Hotels & Resorts Company 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).