Los Angeles Capital Management LLC Buys New Shares in BRAEMAR HOTELS & RESORTS INC. $BHR

Los Angeles Capital Management LLC bought a new position in shares of BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 24,285 shares of the company’s stock, valued at approximately $59,000.

Other large investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new position in shares of BRAEMAR HOTELS & RESORTS during the 2nd quarter worth about $1,256,000. Russell Investments Group Ltd. grew its holdings 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. Sowell Financial Services LLC increased its position in BRAEMAR HOTELS & RESORTS by 12.8% during the second quarter. Sowell Financial Services LLC now owns 71,171 shares of the company’s stock worth $174,000 after buying an additional 8,055 shares during the last quarter. HB Wealth Management LLC bought a new stake in BRAEMAR HOTELS & RESORTS in the first quarter valued at approximately $58,000. Finally, Noesis Capital Mangement Corp bought a new stake in BRAEMAR HOTELS & RESORTS in the second quarter valued at approximately $172,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, BRAEMAR HOTELS & RESORTS currently has a consensus rating of “Sell”.

BRAEMAR HOTELS & RESORTS Stock Down 1.3%

BRAEMAR HOTELS & RESORTS stock opened at $2.62 on Wednesday. The company’s 50-day moving average price is $2.72 and its two-hundred day moving average price is $2.49. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 5.50. The stock has a market cap of $178.39 million, a P/E ratio of -3.40 and a beta of 1.28. BRAEMAR HOTELS & RESORTS INC. has a twelve month low of $1.80 and a twelve month high of $3.73.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last posted its earnings results on Tuesday, November 4th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.08). The firm had revenue of $143.56 million during the quarter, compared to analyst estimates of $142.62 million. BRAEMAR HOTELS & RESORTS had a negative net margin of 0.07% and a negative return on equity of 0.22%. As a group, analysts expect that BRAEMAR HOTELS & RESORTS INC. will post 0.31 EPS for the current year.

BRAEMAR HOTELS & RESORTS Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.20 annualized dividend and a yield of 7.6%. BRAEMAR HOTELS & RESORTS’s dividend payout ratio (DPR) is presently -22.99%.

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).