Bailard Inc. Sells 55,283 Shares of Braemar Hotels & Resorts (NYSE:BHR)

Bailard Inc. cut its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR) by 64.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,274 shares of the company’s stock after selling 55,283 shares during the period. Bailard Inc.’s holdings in Braemar Hotels & Resorts were worth $91,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in Braemar Hotels & Resorts by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 33,216 shares of the company’s stock valued at $100,000 after acquiring an additional 4,408 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Braemar Hotels & Resorts by 1.4% in the 4th quarter. Rhumbline Advisers now owns 393,218 shares of the company’s stock worth $1,180,000 after purchasing an additional 5,293 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Braemar Hotels & Resorts by 27.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 38,127 shares of the company’s stock valued at $118,000 after purchasing an additional 8,206 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Braemar Hotels & Resorts during the third quarter valued at about $36,000. Finally, Verition Fund Management LLC bought a new position in Braemar Hotels & Resorts in the third quarter worth about $68,000. Institutional investors own 64.79% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Braemar Hotels & Resorts Trading Up 0.5 %

NYSE BHR opened at $3.04 on Thursday. The stock’s 50 day moving average is $2.72 and its 200 day moving average is $3.02. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 4.44. The firm has a market capitalization of $201.89 million, a PE ratio of -3.94 and a beta of 2.09. Braemar Hotels & Resorts has a twelve month low of $1.79 and a twelve month high of $3.95.

Braemar Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date of this dividend is Monday, March 31st. Braemar Hotels & Resorts’s dividend payout ratio is presently -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).