Orvieto Partners L.P. acquired a new position in shares of Braemar Hotels & Resorts (NYSE:BHR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 493,225 shares of the company's stock, valued at approximately $1,480,000. Braemar Hotels & Resorts comprises about 1.2% of Orvieto Partners L.P.'s investment portfolio, making the stock its 26th largest holding. Orvieto Partners L.P. owned 0.74% of Braemar Hotels & Resorts as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new position in Braemar Hotels & Resorts in the 4th quarter valued at $1,004,000. Greenland Capital Management LP acquired a new position in Braemar Hotels & Resorts in the 4th quarter valued at $360,000. Dark Forest Capital Management LP acquired a new position in Braemar Hotels & Resorts in the 4th quarter valued at $360,000. Segall Bryant & Hamill LLC acquired a new position in Braemar Hotels & Resorts in the 4th quarter valued at $350,000. Finally, Raymond James Financial Inc. acquired a new position in Braemar Hotels & Resorts in the 4th quarter valued at $162,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.
Braemar Hotels & Resorts Trading Up 0.3 %
Shares of NYSE BHR traded up $0.01 during trading on Tuesday, hitting $1.92. 35,882 shares of the company traded hands, compared to its average volume of 285,556. Braemar Hotels & Resorts has a 1 year low of $1.80 and a 1 year high of $3.95. The company has a 50-day moving average price of $2.49 and a 200-day moving average price of $2.84. The firm has a market capitalization of $128.40 million, a P/E ratio of -2.49 and a beta of 1.59. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 4.44.
Braemar Hotels & Resorts Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 10.44%. The ex-dividend date of this dividend is Monday, June 30th. Braemar Hotels & Resorts's dividend payout ratio (DPR) is presently -25.97%.
About Braemar Hotels & Resorts
(
Free Report)
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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