BRAEMAR HOTELS & RESORTS (NYSE:BHR) Trading Down 2.4% - Here's Why

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

Wall Street Analyst Weigh In

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

BRAEMAR HOTELS & RESORTS Price Performance

The stock has a fifty day moving average of $2.39 and a two-hundred day moving average of $2.46. The stock has a market capitalization of $161.59 million, a price-to-earnings ratio of -2.80 and a beta of 1.13. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 5.14.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share for the quarter, topping 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. As a group, equities research analysts forecast that BRAEMAR HOTELS & RESORTS INC. will post 0.31 earnings per share for the current year.

BRAEMAR HOTELS & RESORTS Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 8.30%. The ex-dividend date of this dividend is Tuesday, September 30th. BRAEMAR HOTELS & RESORTS's dividend payout ratio is -23.26%.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

Hedge funds have recently modified their holdings of the stock. Sowell Financial Services LLC lifted its holdings in BRAEMAR HOTELS & RESORTS by 12.8% during the 2nd quarter. Sowell Financial Services LLC now owns 71,171 shares of the company's stock valued at $174,000 after purchasing an additional 8,055 shares during the last quarter. Strs Ohio bought a new position in shares of BRAEMAR HOTELS & RESORTS during the first quarter worth approximately $32,000. Jane Street Group LLC lifted its holdings in BRAEMAR HOTELS & RESORTS by 7.5% during the 1st quarter. Jane Street Group LLC now owns 99,519 shares of the company's stock worth $248,000 after purchasing an additional 6,942 shares during the last quarter. MetLife Investment Management LLC boosted its stake in BRAEMAR HOTELS & RESORTS by 31.9% in the 1st quarter. MetLife Investment Management LLC now owns 32,760 shares of the company's stock valued at $82,000 after purchasing an additional 7,929 shares during the period. Finally, Russell Investments Group Ltd. increased its position in BRAEMAR HOTELS & RESORTS by 214,767.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,345,069 shares of the company's stock worth $3,349,000 after buying an additional 1,344,443 shares during the period. Institutional investors 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).