Russell Investments Group Ltd. Has $3.35 Million Stake in 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. boosted its position in BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Free Report) by 214,767.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,345,069 shares of the company's stock after buying an additional 1,344,443 shares during the period. Russell Investments Group Ltd. owned approximately 2.01% of BRAEMAR HOTELS & RESORTS worth $3,349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sowell Financial Services LLC acquired a new position in BRAEMAR HOTELS & RESORTS in the first quarter valued at $157,000. Northern Trust Corp lifted its holdings in BRAEMAR HOTELS & RESORTS by 1.0% in the fourth quarter. Northern Trust Corp now owns 551,892 shares of the company's stock valued at $1,656,000 after buying an additional 5,480 shares during the period. PFG Investments LLC lifted its holdings in BRAEMAR HOTELS & RESORTS by 12.0% in the first quarter. PFG Investments LLC now owns 73,881 shares of the company's stock valued at $184,000 after buying an additional 7,927 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in BRAEMAR HOTELS & RESORTS by 2.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 232,415 shares of the company's stock valued at $698,000 after buying an additional 6,464 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in BRAEMAR HOTELS & RESORTS in the fourth quarter valued at $162,000. Institutional investors and hedge funds own 64.79% of the company's stock.

BRAEMAR HOTELS & RESORTS Price Performance

Shares of NYSE BHR opened at $2.2450 on Friday. The firm's 50-day moving average price is $2.37 and its 200-day moving average price is $2.38. BRAEMAR HOTELS & RESORTS INC. has a 1-year low of $1.80 and a 1-year high of $3.82. The firm has a market capitalization of $153.15 million, a P/E ratio of -2.92 and a beta of 1.19. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 5.50.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). BRAEMAR HOTELS & RESORTS had a negative net margin of 0.07% and a negative return on equity of 0.22%. The company had revenue of $179.08 million for the quarter, compared to analyst estimates of $166.80 million. Equities research analysts anticipate that BRAEMAR HOTELS & RESORTS INC. will post 0.31 earnings per share for the current fiscal 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 dividend of $0.05 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.20 annualized dividend and a dividend yield of 8.9%. BRAEMAR HOTELS & RESORTS's dividend payout ratio is currently -25.97%.

Analyst Ratings Changes

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

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).

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