BRAEMAR HOTELS & RESORTS INC. $BHR Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reduced its stake in BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) by 41.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 488,263 shares of the company’s stock after selling 343,278 shares during the period. Goldman Sachs Group Inc. owned approximately 0.73% of BRAEMAR HOTELS & RESORTS worth $1,216,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BHR. Strs Ohio acquired a new position in BRAEMAR HOTELS & RESORTS in the first quarter worth about $32,000. Jane Street Group LLC raised its holdings in BRAEMAR HOTELS & RESORTS by 7.5% during the first quarter. Jane Street Group LLC now owns 99,519 shares of the company’s stock worth $248,000 after purchasing an additional 6,942 shares in the last quarter. MetLife Investment Management LLC raised its holdings in BRAEMAR HOTELS & RESORTS by 31.9% during the first quarter. MetLife Investment Management LLC now owns 32,760 shares of the company’s stock worth $82,000 after purchasing an additional 7,929 shares in the last quarter. Russell Investments Group Ltd. grew its position in BRAEMAR HOTELS & RESORTS by 214,767.3% in the first quarter. Russell Investments Group Ltd. now owns 1,345,069 shares of the company’s stock worth $3,349,000 after buying an additional 1,344,443 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in BRAEMAR HOTELS & RESORTS in the first quarter worth approximately $25,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.

BRAEMAR HOTELS & RESORTS Trading Down 4.3%

NYSE BHR opened at $2.90 on Monday. BRAEMAR HOTELS & RESORTS INC. has a twelve month low of $1.80 and a twelve month high of $3.82. The company has a debt-to-equity ratio of 5.50, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap of $197.84 million, a price-to-earnings ratio of -3.77 and a beta of 1.25. The firm’s 50 day moving average price is $2.49 and its two-hundred day moving average price is $2.40.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). BRAEMAR HOTELS & RESORTS had a negative return on equity of 0.22% and a negative net margin of 0.07%.The firm had revenue of $179.08 million for the quarter, compared to analysts’ expectations of $166.80 million. Equities analysts anticipate that BRAEMAR HOTELS & RESORTS INC. will post 0.31 EPS for the current year.

BRAEMAR HOTELS & RESORTS Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Tuesday, September 30th. BRAEMAR HOTELS & RESORTS’s payout ratio is currently -25.97%.

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).