Braemar Hotels & Resorts (NYSE:BHR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in Braemar Hotels & Resorts (NYSE:BHR) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,577 shares of the company’s stock after selling 16,726 shares during the quarter. Jane Street Group LLC owned approximately 0.14% of Braemar Hotels & Resorts worth $278,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BHR. Northern Trust Corp boosted its stake in Braemar Hotels & Resorts by 1.0% during the 4th quarter. Northern Trust Corp now owns 551,892 shares of the company’s stock valued at $1,656,000 after purchasing an additional 5,480 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Braemar Hotels & Resorts in the fourth quarter valued at $162,000. Rhumbline Advisers lifted its holdings in shares of Braemar Hotels & Resorts by 1.4% in the fourth quarter. Rhumbline Advisers now owns 393,218 shares of the company’s stock valued at $1,180,000 after purchasing an additional 5,293 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Braemar Hotels & Resorts by 2.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 232,415 shares of the company’s stock worth $698,000 after acquiring an additional 6,464 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Braemar Hotels & Resorts by 9.9% during the fourth quarter. Barclays PLC now owns 140,262 shares of the company’s stock worth $421,000 after acquiring an additional 12,621 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

Braemar Hotels & Resorts Stock Down 2.5%

Shares of BHR opened at $2.32 on Wednesday. The stock has a market cap of $155.55 million, a price-to-earnings ratio of -3.01 and a beta of 1.06. 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 company has a 50-day moving average price of $2.09 and a two-hundred day moving average price of $2.66.

Braemar Hotels & Resorts (NYSE:BHR) last posted its earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $211.64 million. Equities analysts predict that Braemar Hotels & Resorts will post 0.31 EPS for the current fiscal year.

Braemar Hotels & Resorts Dividend Announcement

The business also recently announced 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. This represents a $0.20 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date is Monday, June 30th. Braemar Hotels & Resorts’s payout ratio is presently -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).