Russell Investments Group Ltd. Reduces Stock Position in Braemar Hotels & Resorts (NYSE:BHR)

Russell Investments Group Ltd. lowered its position in shares of Braemar Hotels & Resorts (NYSE:BHRGet Rating) by 11.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 39,656 shares of the company’s stock after selling 4,969 shares during the quarter. Russell Investments Group Ltd.’s holdings in Braemar Hotels & Resorts were worth $245,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in Braemar Hotels & Resorts in the 1st quarter worth $171,000. Daiwa Securities Group Inc. raised its holdings in Braemar Hotels & Resorts by 13.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 16,950 shares of the company’s stock worth $105,000 after purchasing an additional 1,967 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Braemar Hotels & Resorts by 129.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 59,293 shares of the company’s stock worth $366,000 after purchasing an additional 33,400 shares in the last quarter. Bailard Inc. bought a new position in Braemar Hotels & Resorts in the 1st quarter worth $732,000. Finally, Zazove Associates LLC bought a new position in Braemar Hotels & Resorts in the 1st quarter worth $12,350,000. 68.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BHR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Braemar Hotels & Resorts from $16.00 to $17.00 in a report on Monday. B. Riley reissued a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Braemar Hotels & Resorts in a research report on Monday, May 16th.

Braemar Hotels & Resorts Trading Up 2.4 %

Shares of NYSE BHR opened at $5.48 on Wednesday. Braemar Hotels & Resorts has a 1 year low of $4.06 and a 1 year high of $6.64. The stock has a market cap of $391.60 million, a P/E ratio of 91.33 and a beta of 2.51. The firm has a 50-day moving average of $5.00 and a 200 day moving average of $5.59. The company has a debt-to-equity ratio of 2.86, a current ratio of 3.14 and a quick ratio of 3.14.

Braemar Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.73%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is currently 66.67%.

Braemar Hotels & Resorts Profile

(Get Rating)

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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