BRAEMAR HOTELS & RESORTS INC. $BHR Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Braemar Hotels & Resorts by 41.3%, selling 343,278 shares in the first quarter, leaving them with approximately 0.73% ownership valued at $1.2 million.
• Braemar Hotels & Resorts reported a loss per share of $0.09, missing analyst estimates, but surpassed revenue expectations with $179.08 million for the quarter.
• The company declared a quarterly dividend of $0.05 per share, which results in a dividend yield of 6.9% for investors, with the payout ratio currently at -25.97%.

Goldman Sachs Group Inc. trimmed its holdings in BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Free Report) by 41.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 488,263 shares of the company's stock after selling 343,278 shares during the quarter. Goldman Sachs Group Inc. owned about 0.73% of BRAEMAR HOTELS & RESORTS worth $1,216,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BHR. Sowell Financial Services LLC purchased a new stake in shares of BRAEMAR HOTELS & RESORTS in the first quarter valued at about $157,000. Northern Trust Corp boosted its position in BRAEMAR HOTELS & RESORTS by 1.0% during the fourth quarter. Northern Trust Corp now owns 551,892 shares of the company's stock worth $1,656,000 after acquiring an additional 5,480 shares during the last quarter. PFG Investments LLC raised its stake in BRAEMAR HOTELS & RESORTS by 12.0% during the first quarter. PFG Investments LLC now owns 73,881 shares of the company's stock worth $184,000 after purchasing an additional 7,927 shares during the period. Russell Investments Group Ltd. raised its stake in BRAEMAR HOTELS & RESORTS by 214,767.3% during the first quarter. Russell Investments Group Ltd. now owns 1,345,069 shares of the company's stock worth $3,349,000 after purchasing an additional 1,344,443 shares during the period. Finally, ProShare Advisors LLC raised its stake in BRAEMAR HOTELS & RESORTS by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 18,563 shares of the company's stock worth $56,000 after purchasing an additional 6,109 shares during the period. Institutional investors and hedge funds own 64.79% of the company's stock.

BRAEMAR HOTELS & RESORTS Trading Up 0.3%

NYSE:BHR traded up $0.01 during trading hours on Monday, reaching $2.89. 430,089 shares of the company were exchanged, compared to its average volume of 770,283. The company has a debt-to-equity ratio of 5.50, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market cap of $197.16 million, a price-to-earnings ratio of -3.75 and a beta of 1.25. BRAEMAR HOTELS & RESORTS INC. has a 52-week low of $1.80 and a 52-week high of $3.82. The stock has a 50 day simple moving average of $2.50 and a 200 day simple moving average of $2.40.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The company had revenue of $179.08 million for the quarter, compared to analysts' expectations of $166.80 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 0.22% and a negative net margin of 0.07%. As a group, analysts predict that BRAEMAR HOTELS & RESORTS INC. will post 0.31 EPS for the current year.

BRAEMAR HOTELS & RESORTS Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.20 annualized dividend and a yield of 6.9%. BRAEMAR HOTELS & RESORTS's dividend payout ratio (DPR) is -25.97%.

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).