Braemar Hotels & Resorts (NYSE:BHR) Holdings Raised by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 49.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,563 shares of the company’s stock after purchasing an additional 6,109 shares during the period. ProShare Advisors LLC’s holdings in Braemar Hotels & Resorts were worth $56,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BHR. Orvieto Partners L.P. purchased a new stake in shares of Braemar Hotels & Resorts during the fourth quarter valued at $1,480,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Braemar Hotels & Resorts during the fourth quarter valued at $1,004,000. Dark Forest Capital Management LP purchased a new stake in shares of Braemar Hotels & Resorts during the fourth quarter valued at $360,000. Greenland Capital Management LP purchased a new stake in shares of Braemar Hotels & Resorts during the fourth quarter valued at $360,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Braemar Hotels & Resorts during the fourth quarter valued at $350,000. 64.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, May 8th.

Braemar Hotels & Resorts Stock Down 2.5%

NYSE:BHR opened at $2.32 on Wednesday. The firm has a market capitalization of $155.55 million, a price-to-earnings ratio of -3.01 and a beta of 1.06. Braemar Hotels & Resorts has a 1-year low of $1.80 and a 1-year high of $3.95. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 4.44. The business’s fifty day moving average price is $2.09 and its 200 day moving average price is $2.66.

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

Braemar Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 8.62%. The ex-dividend date of this dividend is Monday, June 30th. Braemar Hotels & Resorts’s payout ratio is -23.26%.

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).