Nisa Investment Advisors LLC grew its stake in Braemar Hotels & Resorts (NYSE:BHR – Get Rating) by 129.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,293 shares of the company’s stock after purchasing an additional 33,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Braemar Hotels & Resorts were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Bailard Inc. acquired a new position in Braemar Hotels & Resorts during the 1st quarter worth $732,000. Zazove Associates LLC acquired a new position in shares of Braemar Hotels & Resorts during the 1st quarter worth about $12,350,000. SG Capital Management LLC acquired a new position in shares of Braemar Hotels & Resorts during the 1st quarter worth about $396,000. Kennedy Capital Management Inc. acquired a new position in shares of Braemar Hotels & Resorts during the 4th quarter worth about $1,431,000. Finally, CastleKnight Management LP acquired a new position in shares of Braemar Hotels & Resorts during the 4th quarter worth about $1,039,000. 68.99% of the stock is owned by institutional investors and hedge funds.
Braemar Hotels & Resorts Trading Up 2.3 %
BHR opened at $5.24 on Tuesday. Braemar Hotels & Resorts has a 1-year low of $4.06 and a 1-year high of $6.64. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 2.97. The company has a market cap of $373.45 million, a P/E ratio of -13.76 and a beta of 2.52. The company has a fifty day moving average price of $5.16 and a two-hundred day moving average price of $5.59.
Braemar Hotels & Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, June 29th. Braemar Hotels & Resorts’s payout ratio is -10.53%.
Wall Street Analyst Weigh In
BHR has been the subject of several recent analyst reports. B. Riley reiterated a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of Braemar Hotels & Resorts in a research note on Monday, May 16th. StockNews.com began coverage on shares of Braemar Hotels & Resorts in a report on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Braemar Hotels & Resorts from $15.00 to $16.00 in a report on Wednesday, May 18th. Finally, Oppenheimer began coverage on shares of Braemar Hotels & Resorts in a research note on Thursday, April 21st. They issued an “outperform” rating and a $9.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Braemar Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $10.75.
Insiders Place Their Bets
In related news, Director Monty J. Bennett bought 44,444 shares of the company’s stock in a transaction on Tuesday, May 17th. The shares were purchased at an average cost of $22.50 per share, for a total transaction of $999,990.00. Following the completion of the purchase, the director now directly owns 44,444 shares in the company, valued at $999,990. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 4.70% of the stock is currently owned by insiders.
Braemar Hotels & Resorts Company 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).
Further Reading
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