Braemar Hotels & Resorts (NYSE:BHR) Short Interest Update

Braemar Hotels & Resorts (NYSE:BHR - Get Free Report) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 1,100,000 shares, an increase of 7.8% from the November 15th total of 1,020,000 shares. Based on an average daily trading volume, of 247,700 shares, the short-interest ratio is presently 4.4 days.

Braemar Hotels & Resorts Price Performance

Shares of NYSE:BHR traded up $0.06 during trading on Tuesday, hitting $3.47. 152,146 shares of the stock were exchanged, compared to its average volume of 291,241. The company has a fifty day moving average price of $3.27 and a two-hundred day moving average price of $3.13. The company has a market cap of $230.83 million, a PE ratio of -4.51 and a beta of 2.05. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month 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.

Braemar Hotels & Resorts (NYSE:BHR - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The business had revenue of $148.40 million for the quarter, compared to analysts' expectations of $157.78 million. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. During the same quarter last year, the firm earned ($0.08) earnings per share. On average, analysts forecast that Braemar Hotels & Resorts will post 0.43 EPS for the current year.

Braemar Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts's payout ratio is currently -25.97%.

Institutional Investors Weigh In On Braemar Hotels & Resorts

Institutional investors and hedge funds have recently made changes to their positions in the company. Catalina Capital Group LLC acquired a new stake in shares of Braemar Hotels & Resorts during the 2nd quarter worth approximately $47,000. Bank of New York Mellon Corp boosted its holdings in shares of Braemar Hotels & Resorts by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company's stock valued at $656,000 after acquiring an additional 6,140 shares during the period. Rhumbline Advisers grew its position in shares of Braemar Hotels & Resorts by 154.7% during the second quarter. Rhumbline Advisers now owns 393,108 shares of the company's stock worth $1,002,000 after acquiring an additional 238,782 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Braemar Hotels & Resorts by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company's stock worth $2,035,000 after acquiring an additional 44,599 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Braemar Hotels & Resorts by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 579,700 shares of the company's stock valued at $1,478,000 after purchasing an additional 40,100 shares during the last quarter. 64.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Braemar Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th.

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).