StockNews.com Upgrades Braemar Hotels & Resorts (NYSE:BHR) to "Hold"

Braemar Hotels & Resorts (NYSE:BHR - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Braemar Hotels & Resorts Stock Performance

Shares of BHR traded down $0.05 during midday trading on Friday, hitting $3.18. 169,893 shares of the stock traded hands, compared to its average volume of 299,742. The business's 50 day moving average price is $3.06 and its two-hundred day moving average price is $2.92. The firm has a market capitalization of $211.40 million, a PE ratio of -2.84 and a beta of 1.99. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.68 and a current ratio of 1.68. Braemar Hotels & Resorts has a 1-year low of $1.79 and a 1-year high of $3.95.

Institutional Trading of Braemar Hotels & Resorts

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Braemar Hotels & Resorts by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 797,972 shares of the company's stock worth $2,035,000 after purchasing an additional 44,599 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Braemar Hotels & Resorts by 7.4% in the second quarter. Renaissance Technologies LLC now owns 579,700 shares of the company's stock worth $1,478,000 after purchasing an additional 40,100 shares during the period. Rhumbline Advisers grew its position in Braemar Hotels & Resorts by 154.7% in the 2nd quarter. Rhumbline Advisers now owns 393,108 shares of the company's stock valued at $1,002,000 after buying an additional 238,782 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Braemar Hotels & Resorts by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company's stock valued at $656,000 after buying an additional 6,140 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in shares of Braemar Hotels & Resorts by 126.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 206,200 shares of the company's stock worth $412,000 after buying an additional 114,980 shares in the last quarter. 64.79% of the stock is currently owned by institutional investors and hedge funds.

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).