Braemar Hotels & Resorts (NYSE:BHR) Shares Sold by CastleKnight Management LP

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

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Braemar Hotels & Resorts by 55.0% during the third quarter. Barclays PLC now owns 127,641 shares of the company's stock worth $394,000 after acquiring an additional 45,284 shares during the last quarter. SG Americas Securities LLC increased its holdings in Braemar Hotels & Resorts by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 33,216 shares of the company's stock worth $100,000 after purchasing an additional 4,408 shares during the last quarter. Rhumbline Advisers increased its holdings in 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 during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Braemar Hotels & Resorts in the 4th quarter valued at approximately $162,000. Finally, Ironwood Investment Management LLC boosted its stake in shares of Braemar Hotels & Resorts by 6.7% during the 4th quarter. Ironwood Investment Management LLC now owns 402,444 shares of the company's stock valued at $1,207,000 after buying an additional 25,162 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company's stock.

Braemar Hotels & Resorts Stock Performance

Shares of Braemar Hotels & Resorts stock remained flat at $1.99 during trading on Friday. 154,113 shares of the stock were exchanged, compared to its average volume of 282,025. 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 1-year low of $1.80 and a 1-year high of $3.95. The firm's fifty day simple moving average is $2.35 and its two-hundred day simple moving average is $2.77. The firm has a market capitalization of $133.42 million, a P/E ratio of -2.58 and a beta of 1.06.

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

Braemar Hotels & Resorts Announces Dividend

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 issued a dividend of $0.05 per share. The ex-dividend date is Monday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 10.05%. Braemar Hotels & Resorts's dividend payout ratio (DPR) is -23.26%.

Analyst Upgrades and Downgrades

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

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).