Price T Rowe Associates Inc. MD Acquires 6,464 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Price T Rowe Associates Inc. MD boosted its holdings in Braemar Hotels & Resorts (NYSE:BHR) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 232,415 shares of the company’s stock after acquiring an additional 6,464 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.35% of Braemar Hotels & Resorts worth $698,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BHR. First Trust Advisors LP purchased a new stake in shares of Braemar Hotels & Resorts during the 4th quarter worth approximately $32,000. MetLife Investment Management LLC increased its stake in shares of Braemar Hotels & Resorts by 36.3% during the 4th quarter. MetLife Investment Management LLC now owns 24,831 shares of the company’s stock worth $74,000 after purchasing an additional 6,608 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in shares of Braemar Hotels & Resorts during the 4th quarter worth approximately $77,000. Intech Investment Management LLC increased its stake in shares of Braemar Hotels & Resorts by 140.9% during the 4th quarter. Intech Investment Management LLC now owns 28,066 shares of the company’s stock worth $84,000 after purchasing an additional 16,415 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Braemar Hotels & Resorts by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 33,216 shares of the company’s stock worth $100,000 after purchasing an additional 4,408 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th.

Braemar Hotels & Resorts Trading Up 7.3%

Shares of BHR stock opened at $2.13 on Tuesday. The company has a 50 day moving average of $2.33 and a 200-day moving average of $2.76. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 4.44. Braemar Hotels & Resorts has a 12-month low of $1.80 and a 12-month high of $3.95. The firm has a market cap of $142.47 million, a P/E ratio of -2.76 and a beta of 1.06.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. The company had revenue of $218.41 million during the quarter, compared to analyst estimates of $211.64 million. Sell-side analysts anticipate that Braemar Hotels & Resorts will post 0.31 earnings per share for the current year.

Braemar Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 9.41%. Braemar Hotels & Resorts’s dividend payout ratio is -23.26%.

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).