Short Interest in Braemar Hotels & Resorts (NYSE:BHR) Grows By 7.8%

Braemar Hotels & Resorts (NYSE:BHR) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 1,100,000 shares, a growth of 7.8% from the November 15th total of 1,020,000 shares. Based on an average trading volume of 247,700 shares, the short-interest ratio is presently 4.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th.

Institutional Investors Weigh In On Braemar Hotels & Resorts

Several large investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new position in shares of Braemar Hotels & Resorts during the 3rd quarter worth approximately $36,000. Catalina Capital Group LLC acquired a new stake in shares of Braemar Hotels & Resorts during the 2nd quarter valued at about $47,000. XTX Topco Ltd purchased a new stake in Braemar Hotels & Resorts in the 2nd quarter worth $55,000. Verition Fund Management LLC purchased a new stake in Braemar Hotels & Resorts in the 3rd quarter worth $68,000. Finally, SG Americas Securities LLC grew its holdings in shares of Braemar Hotels & Resorts by 140.4% during the third quarter. SG Americas Securities LLC now owns 28,808 shares of the company’s stock worth $89,000 after buying an additional 16,826 shares in the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

Braemar Hotels & Resorts Stock Performance

BHR stock traded up $0.06 on Tuesday, hitting $3.47. The company had a trading volume of 152,149 shares, compared to its average volume of 291,241. Braemar Hotels & Resorts has a 12-month low of $1.79 and a 12-month high of $3.95. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 4.44. The stock’s 50-day simple moving average is $3.27 and its 200 day simple moving average is $3.13. The stock has a market cap of $230.83 million, a price-to-earnings ratio of -4.51 and a beta of 2.05.

Braemar Hotels & Resorts (NYSE:BHR) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $148.40 million for the quarter, compared to the consensus estimate of $157.78 million. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. During the same period last year, the firm earned ($0.08) EPS. As a group, equities research analysts expect that Braemar Hotels & Resorts will post 0.43 earnings per share for the current fiscal year.

Braemar Hotels & Resorts Announces Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.76%. Braemar Hotels & Resorts’s dividend payout ratio is presently -25.97%.

About Braemar Hotels & Resorts

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).