Arrowstreet Capital Limited Partnership Acquires Shares of 334,510 Braemar Hotels & Resorts (NYSE:BHR)

Arrowstreet Capital Limited Partnership bought a new position in shares of Braemar Hotels & Resorts (NYSE:BHR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 334,510 shares of the company's stock, valued at approximately $1,004,000. Arrowstreet Capital Limited Partnership owned 0.50% of Braemar Hotels & Resorts at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in Braemar Hotels & Resorts by 55.0% during the 3rd quarter. Barclays PLC now owns 127,641 shares of the company's stock worth $394,000 after purchasing an additional 45,284 shares during the last quarter. Rhumbline Advisers lifted its stake 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 worth $1,180,000 after acquiring an additional 5,293 shares during the period. Geode Capital Management LLC boosted its holdings in Braemar Hotels & Resorts by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,425,781 shares of the company's stock valued at $4,406,000 after acquiring an additional 39,556 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Braemar Hotels & Resorts during the 4th quarter valued at approximately $162,000. Finally, BNP Paribas Financial Markets raised its holdings in Braemar Hotels & Resorts by 27.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company's stock worth $118,000 after purchasing an additional 8,206 shares during the last quarter. 64.79% of the stock is owned by institutional investors.

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Braemar Hotels & Resorts Trading Up 1.3 %

NYSE BHR traded up $0.03 during mid-day trading on Tuesday, reaching $1.99. 259,187 shares of the stock were exchanged, compared to its average volume of 289,658. 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 stock has a market cap of $133.09 million, a P/E ratio of -2.58 and a beta of 1.59. The stock has a 50 day simple moving average of $2.63 and a 200-day simple moving average of $2.92. Braemar Hotels & Resorts has a one year low of $1.83 and a one year high of $3.95.

Braemar Hotels & Resorts Dividend Announcement

The firm also recently declared 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.08%. The ex-dividend date of this dividend is Monday, June 30th. Braemar Hotels & Resorts's payout ratio is -25.97%.

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).