Squarepoint Ops LLC Buys Shares of 30,787 Braemar Hotels & Resorts (NYSE:BHR)

Squarepoint Ops LLC bought a new stake in shares of Braemar Hotels & Resorts (NYSE:BHR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 30,787 shares of the company’s stock, valued at approximately $92,000.

Several other institutional investors have also recently added to or reduced their stakes in BHR. Renaissance Technologies LLC lifted its holdings in Braemar Hotels & Resorts by 2.3% in the 4th quarter. Renaissance Technologies LLC now owns 667,100 shares of the company’s stock valued at $2,001,000 after acquiring an additional 15,100 shares during the last quarter. Northern Trust Corp lifted its holdings in Braemar Hotels & Resorts by 1.0% in the 4th quarter. Northern Trust Corp now owns 551,892 shares of the company’s stock valued at $1,656,000 after acquiring an additional 5,480 shares during the last quarter. Orvieto Partners L.P. acquired a new stake in Braemar Hotels & Resorts in the 4th quarter valued at about $1,480,000. Ironwood Investment Management LLC lifted its holdings in Braemar Hotels & Resorts by 6.7% in the 4th quarter. Ironwood Investment Management LLC now owns 402,444 shares of the company’s stock valued at $1,207,000 after acquiring an additional 25,162 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Braemar Hotels & Resorts by 1.4% in the 4th quarter. Rhumbline Advisers now owns 393,218 shares of the company’s stock valued at $1,180,000 after acquiring an additional 5,293 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Price Performance

NYSE BHR opened at $2.47 on Tuesday. The company has a 50 day simple moving average of $2.07 and a 200-day simple moving average of $2.62. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market capitalization of $165.87 million, a price-to-earnings ratio of -3.21 and a beta of 1.11. Braemar Hotels & Resorts has a 52-week low of $1.80 and a 52-week high of $3.95.

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

Braemar Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.08%. Braemar Hotels & Resorts’s payout ratio is presently -23.26%.

Analyst Upgrades and Downgrades

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

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).