LSV Asset Management reduced its stake in shares of Braemar Hotels & Resorts (NYSE:BHR - Free Report) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,888,281 shares of the company's stock after selling 413,851 shares during the period. LSV Asset Management owned 2.84% of Braemar Hotels & Resorts worth $5,665,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Verition Fund Management LLC purchased a new position in Braemar Hotels & Resorts during the third quarter valued at approximately $68,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Braemar Hotels & Resorts during the 4th quarter valued at $77,000. Intech Investment Management LLC lifted its stake in shares of Braemar Hotels & Resorts by 140.9% during the 4th quarter. Intech Investment Management LLC now owns 28,066 shares of the company's stock valued at $84,000 after buying an additional 16,415 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Braemar Hotels & Resorts by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 33,216 shares of the company's stock worth $100,000 after buying an additional 4,408 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Braemar Hotels & Resorts by 27.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company's stock worth $118,000 after buying an additional 8,206 shares in the last quarter. 64.79% of the stock is currently owned by institutional investors.
Braemar Hotels & Resorts Price Performance
NYSE:BHR traded down $0.04 on Friday, reaching $1.92. 217,364 shares of the company's stock traded hands, compared to its average volume of 288,149. The stock has a 50-day simple moving average of $2.58 and a 200-day simple moving average of $2.89. Braemar Hotels & Resorts has a 12 month low of $1.83 and a 12 month high of $3.95. The firm has a market cap of $128.40 million, a PE ratio of -2.49 and a beta of 1.59. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.05 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 10.44%. Braemar Hotels & Resorts's dividend payout ratio is presently -25.97%.
Braemar Hotels & Resorts Company Profile
(
Free Report)
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).
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