Braemar Hotels & Resorts (NYSE:BHR) Short Interest Update

Braemar Hotels & Resorts (NYSE:BHR - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 2,040,000 shares, a growth of 16.6% from the March 15th total of 1,750,000 shares. Based on an average trading volume of 293,200 shares, the days-to-cover ratio is presently 7.0 days.

Hedge Funds Weigh In On Braemar Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Braemar Hotels & Resorts by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,399,117 shares of the company's stock valued at $8,498,000 after acquiring an additional 20,236 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Braemar Hotels & Resorts by 48.6% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 2,497,320 shares of the company's stock worth $6,243,000 after buying an additional 817,280 shares in the last quarter. Millennium Management LLC grew its stake in Braemar Hotels & Resorts by 255.2% during the second quarter. Millennium Management LLC now owns 1,549,224 shares of the company's stock worth $6,646,000 after buying an additional 1,113,063 shares in the last quarter. Geode Capital Management LLC grew its stake in Braemar Hotels & Resorts by 1.4% during the second quarter. Geode Capital Management LLC now owns 1,203,678 shares of the company's stock worth $4,839,000 after buying an additional 16,461 shares in the last quarter. Finally, State Street Corp grew its stake in Braemar Hotels & Resorts by 1.3% during the second quarter. State Street Corp now owns 1,158,406 shares of the company's stock worth $4,714,000 after buying an additional 15,160 shares in the last quarter. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Braemar Hotels & Resorts Stock Performance

Shares of BHR traded down $0.09 during trading hours on Friday, hitting $2.45. The company had a trading volume of 287,962 shares, compared to its average volume of 426,730. The firm has a market cap of $162.97 million, a price-to-earnings ratio of -2.19 and a beta of 2.19. The business has a fifty day moving average of $2.13 and a 200-day moving average of $2.34. Braemar Hotels & Resorts has a 12 month low of $1.79 and a 12 month high of $4.37. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.93.

Braemar Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 8.16%. The ex-dividend date is Friday, June 28th. Braemar Hotels & Resorts's payout ratio is presently -17.86%.

Analyst Upgrades and Downgrades

Separately, B. Riley dropped their price target on shares of Braemar Hotels & Resorts from $3.00 to $2.50 and set a "neutral" rating on the stock in a research report on Monday, March 18th.

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).