Arrowstreet Capital Limited Partnership Takes $1 Million Position in Braemar Hotels & Resorts (NYSE:BHR)

Arrowstreet Capital Limited Partnership acquired a new position in shares of Braemar Hotels & Resorts (NYSE:BHR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 334,510 shares of the company's stock, valued at approximately $1,004,000. Arrowstreet Capital Limited Partnership owned 0.50% of Braemar Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in BHR. Verition Fund Management LLC bought a new position in Braemar Hotels & Resorts during the third quarter worth about $68,000. Intech Investment Management LLC lifted its position in shares of Braemar Hotels & Resorts by 140.9% during the 4th quarter. Intech Investment Management LLC now owns 28,066 shares of the company's stock worth $84,000 after buying an additional 16,415 shares during the period. SG Americas Securities LLC boosted its stake in Braemar Hotels & Resorts by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 33,216 shares of the company's stock valued at $100,000 after buying an additional 4,408 shares in the last quarter. BNP Paribas Financial Markets grew its position in Braemar Hotels & Resorts by 27.4% in the third quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company's stock valued at $118,000 after acquiring an additional 8,206 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Braemar Hotels & Resorts during the 4th quarter worth about $162,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Braemar Hotels & Resorts Price Performance

Braemar Hotels & Resorts stock traded up $0.01 on Thursday, reaching $1.96. The company's stock had a trading volume of 33,798 shares, compared to its average volume of 288,655. The business's fifty day moving average price is $2.60 and its 200 day moving average price is $2.91. The company has a market cap of $131.08 million, a price-to-earnings ratio of -2.54 and a beta of 1.59. The company has a debt-to-equity ratio of 4.44, a quick ratio of 2.20 and a current ratio of 2.20. Braemar Hotels & Resorts has a twelve month low of $1.83 and a twelve month high of $3.95.

Braemar Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.20 dividend on an annualized basis and a yield of 10.23%. Braemar Hotels & Resorts's payout ratio is presently -25.97%.

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).