Braemar Hotels & Resorts (NYSE:BHR) Short Interest Down 6.5% in October

Braemar Hotels & Resorts (NYSE:BHR - Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 981,800 shares, a drop of 6.5% from the September 30th total of 1,050,000 shares. Based on an average daily volume of 275,200 shares, the short-interest ratio is currently 3.6 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Braemar Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Wednesday.

Institutional Investors Weigh In On Braemar Hotels & Resorts

A number of hedge funds have recently added to or reduced their stakes in BHR. Fortitude Family Office LLC boosted its stake in shares of Braemar Hotels & Resorts by 264.9% in the 2nd quarter. Fortitude Family Office LLC now owns 12,546 shares of the company's stock valued at $32,000 after buying an additional 9,108 shares during the period. PNC Financial Services Group Inc. lifted its stake in Braemar Hotels & Resorts by 141.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company's stock worth $39,000 after acquiring an additional 9,212 shares during the last quarter. Catalina Capital Group LLC acquired a new position in Braemar Hotels & Resorts during the 2nd quarter worth approximately $47,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Braemar Hotels & Resorts in the 1st quarter valued at approximately $50,000. Finally, XTX Topco Ltd acquired a new stake in shares of Braemar Hotels & Resorts in the 2nd quarter valued at $55,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Braemar Hotels & Resorts Trading Down 0.7 %

NYSE BHR traded down $0.02 during trading on Thursday, hitting $2.90. The stock had a trading volume of 132,231 shares, compared to its average volume of 294,315. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18. The company has a market capitalization of $192.78 million, a PE ratio of -2.59 and a beta of 1.99. The firm has a 50 day moving average price of $3.08 and a 200 day moving average price of $2.96. Braemar Hotels & Resorts has a twelve month low of $1.79 and a twelve month high of $3.95.

Braemar Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 6.90%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts's payout ratio is currently -17.86%.

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).