Russell Investments Group Ltd. Buys 1,344,443 Shares of BRAEMAR HOTELS & RESORTS INC. $BHR

Key Points

• Russell Investments Group Ltd. significantly increased its stake in BRAEMAR HOTELS & RESORTS INC. by 214,767.3%, owning approximately 1,345,069 shares worth $3.35 million as of the end of the first quarter.
• BRAEMAR HOTELS & RESORTS reported a net loss with a negative net margin of 0.07% and earnings per share of $0.09, missing the consensus estimate of $0.12.
• The company declared a quarterly dividend of $0.05 per share, with a dividend yield of 8.9%, scheduled for payment on October 15th to shareholders of record as of September 30th.

Russell Investments Group Ltd. raised its position in BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Free Report) by 214,767.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,345,069 shares of the company's stock after acquiring an additional 1,344,443 shares during the period. Russell Investments Group Ltd. owned about 2.01% of BRAEMAR HOTELS & RESORTS worth $3,349,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in BRAEMAR HOTELS & RESORTS by 2.3% in the 4th quarter. Renaissance Technologies LLC now owns 667,100 shares of the company's stock valued at $2,001,000 after acquiring an additional 15,100 shares in the last quarter. Northern Trust Corp raised its holdings in BRAEMAR HOTELS & RESORTS by 1.0% in the 4th quarter. Northern Trust Corp now owns 551,892 shares of the company's stock valued at $1,656,000 after acquiring an additional 5,480 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in BRAEMAR HOTELS & RESORTS in the 4th quarter valued at approximately $1,440,000. Price T Rowe Associates Inc. MD raised its holdings in BRAEMAR HOTELS & RESORTS by 2.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 232,415 shares of the company's stock valued at $698,000 after acquiring an additional 6,464 shares in the last quarter. Finally, Barclays PLC raised its holdings in BRAEMAR HOTELS & RESORTS by 9.9% in the 4th quarter. Barclays PLC now owns 140,262 shares of the company's stock valued at $421,000 after acquiring an additional 12,621 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company's stock.

Analysts Set New Price Targets

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

BRAEMAR HOTELS & RESORTS Trading Up 2.1%

BHR traded up $0.06 during mid-day trading on Friday, reaching $2.76. The stock had a trading volume of 742,580 shares, compared to its average volume of 565,087. The stock has a market capitalization of $188.01 million, a P/E ratio of -3.58 and a beta of 1.19. The company has a debt-to-equity ratio of 5.50, a quick ratio of 1.67 and a current ratio of 1.67. The firm's fifty day simple moving average is $2.37 and its two-hundred day simple moving average is $2.38. BRAEMAR HOTELS & RESORTS INC. has a 52 week low of $1.80 and a 52 week high of $3.82.

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 during the quarter, compared to analyst estimates of $166.80 million. BRAEMAR HOTELS & RESORTS had a negative net margin of 0.07% and a negative return on equity of 0.22%. On average, equities 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. Stockholders of record on Tuesday, September 30th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.20 annualized dividend and a dividend yield of 7.3%. BRAEMAR HOTELS & RESORTS's dividend payout ratio (DPR) is presently -25.97%.

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).