CastleKnight Management LP Reduces Stock Holdings in Braemar Hotels & Resorts (NYSE:BHR)

CastleKnight Management LP lowered its position in shares of Braemar Hotels & Resorts (NYSE:BHR - Free Report) by 60.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,520 shares of the company's stock after selling 376,058 shares during the quarter. CastleKnight Management LP owned about 0.38% of Braemar Hotels & Resorts worth $752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of Braemar Hotels & Resorts by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 33,216 shares of the company's stock valued at $100,000 after purchasing an additional 4,408 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Braemar Hotels & Resorts by 1.4% during the 4th quarter. Rhumbline Advisers now owns 393,218 shares of the company's stock worth $1,180,000 after purchasing an additional 5,293 shares in the last quarter. Northern Trust Corp raised its stake in shares of Braemar Hotels & Resorts by 1.0% during the 4th quarter. Northern Trust Corp now owns 551,892 shares of the company's stock worth $1,656,000 after purchasing an additional 5,480 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Braemar Hotels & Resorts by 2.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 232,415 shares of the company's stock worth $698,000 after purchasing an additional 6,464 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Braemar Hotels & Resorts by 36.3% during the 4th quarter. MetLife Investment Management LLC now owns 24,831 shares of the company's stock valued at $74,000 after acquiring an additional 6,608 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company's stock.

Braemar Hotels & Resorts Trading Up 8.8%

Shares of BHR stock traded up $0.18 on Monday, reaching $2.16. 140,776 shares of the stock were exchanged, compared to its average volume of 281,594. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20. Braemar Hotels & Resorts has a one year low of $1.80 and a one year high of $3.95. The stock has a 50 day moving average price of $2.35 and a 200 day moving average price of $2.77. The stock has a market cap of $144.49 million, a PE ratio of -2.80 and a beta of 1.06.

Braemar Hotels & Resorts (NYSE:BHR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. Braemar Hotels & Resorts had a negative return on equity of 0.78% and a negative net margin of 0.30%. The business had revenue of $218.41 million during the quarter, compared to analysts' expectations of $211.64 million. Equities research analysts forecast that Braemar Hotels & Resorts will post 0.31 EPS for the current fiscal year.

Braemar Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.05 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.20 annualized dividend and a yield of 9.28%. Braemar Hotels & Resorts's dividend payout ratio is -23.26%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Braemar Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Thursday.

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).