BRAEMAR HOTELS & RESORTS (NYSE:BHR) Trading Down 2.4% - Time to Sell?

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Get Free Report) fell 2.4% on Friday . The stock traded as low as $2.40 and last traded at $2.41. 165,787 shares were traded during trading, a decline of 41% from the average session volume of 279,015 shares. The stock had previously closed at $2.47.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded BRAEMAR HOTELS & RESORTS from a "sell" rating to a "hold" rating in a report on Thursday, May 8th.

BRAEMAR HOTELS & RESORTS Stock Performance

The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 5.14. The stock's 50 day moving average price is $2.39 and its two-hundred day moving average price is $2.45. The firm has a market capitalization of $164.61 million, a PE ratio of -2.85 and a beta of 1.13.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. BRAEMAR HOTELS & RESORTS had a negative net margin of 0.91% and a negative return on equity of 2.60%. The business had revenue of $218.41 million during the quarter, compared to the consensus estimate of $211.64 million. On average, equities analysts expect that BRAEMAR HOTELS & RESORTS INC. will post 0.31 earnings per share for the current year.

BRAEMAR HOTELS & RESORTS Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 8.15%. The ex-dividend date of this dividend is Tuesday, September 30th. BRAEMAR HOTELS & RESORTS's dividend payout ratio is currently -23.26%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC acquired a new position in shares of BRAEMAR HOTELS & RESORTS in the first quarter valued at $25,000. First Trust Advisors LP bought a new stake in BRAEMAR HOTELS & RESORTS during the fourth quarter worth about $32,000. Strs Ohio bought a new stake in BRAEMAR HOTELS & RESORTS during the first quarter worth about $32,000. Sherbrooke Park Advisers LLC bought a new stake in BRAEMAR HOTELS & RESORTS during the fourth quarter worth about $48,000. Finally, ProShare Advisors LLC lifted its holdings in shares of BRAEMAR HOTELS & RESORTS by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 18,563 shares of the company's stock worth $56,000 after acquiring an additional 6,109 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company's stock.

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).