Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp reduced its stake in Braemar Hotels & Resorts (NYSE:BHR) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,634 shares of the company’s stock after selling 15,400 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.28% of Braemar Hotels & Resorts worth $800,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of BHR. MetLife Investment Advisors LLC bought a new stake in shares of Braemar Hotels & Resorts during the third quarter valued at approximately $254,000. Mackay Shields LLC grew its holdings in Braemar Hotels & Resorts by 10.6% during the fourth quarter. Mackay Shields LLC now owns 110,693 shares of the company’s stock worth $989,000 after buying an additional 10,593 shares in the last quarter. LSV Asset Management grew its holdings in Braemar Hotels & Resorts by 8.0% during the fourth quarter. LSV Asset Management now owns 1,152,421 shares of the company’s stock worth $10,291,000 after buying an additional 85,819 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in Braemar Hotels & Resorts during the fourth quarter worth $268,000. Finally, Nordea Investment Management AB bought a new stake in Braemar Hotels & Resorts during the third quarter worth $2,251,000. 75.88% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on BHR. Zacks Investment Research downgraded Braemar Hotels & Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 26th. ValuEngine upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Finally, Deutsche Bank upped their price objective on Braemar Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.50.
Shares of NYSE BHR traded up $0.13 during trading on Wednesday, reaching $13.40. 124,915 shares of the stock traded hands, compared to its average volume of 233,907. Braemar Hotels & Resorts has a 52-week low of $8.32 and a 52-week high of $13.74. The company has a debt-to-equity ratio of 2.54, a current ratio of 4.49 and a quick ratio of 4.49. The stock has a market capitalization of $434.08 million, a PE ratio of 8.65, a P/E/G ratio of 1.60 and a beta of 1.03.
Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings results on Wednesday, February 27th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.19). Braemar Hotels & Resorts had a net margin of 0.31% and a return on equity of 0.35%. As a group, equities analysts expect that Braemar Hotels & Resorts will post 1.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.64 dividend on an annualized basis and a yield of 4.78%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is 41.29%.
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Braemar Hotels & Resorts 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).
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