Braemar Hotels & Resorts (NYSE:BHR) Short Interest Down 6.5% in October

Braemar Hotels & Resorts (NYSE:BHR) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 981,800 shares, a decline of 6.5% from the September 30th total of 1,050,000 shares. Based on an average trading volume of 275,200 shares, the short-interest ratio is presently 3.6 days.

Braemar Hotels & Resorts Trading Down 3.1 %

Shares of Braemar Hotels & Resorts stock traded down $0.09 during trading on Friday, hitting $2.77. 124,720 shares of the stock were exchanged, compared to its average volume of 293,885. The stock’s fifty day moving average is $3.08 and its 200 day moving average is $2.96. Braemar Hotels & Resorts has a 12 month low of $1.79 and a 12 month high of $3.95. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18.

Braemar Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 7.22%. The ex-dividend date is Tuesday, December 31st. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -16.00%.

Hedge Funds Weigh In On Braemar Hotels & Resorts

Several large investors have recently made changes to their positions in BHR. Fortitude Family Office LLC increased its stake in Braemar Hotels & Resorts by 264.9% in the 2nd quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock worth $32,000 after purchasing an additional 9,108 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Braemar Hotels & Resorts by 141.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock valued at $39,000 after purchasing an additional 9,212 shares in the last quarter. Catalina Capital Group LLC purchased a new position in shares of Braemar Hotels & Resorts during the second quarter valued at $47,000. XTX Topco Ltd purchased a new stake in Braemar Hotels & Resorts in the 2nd quarter worth about $55,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Braemar Hotels & Resorts in the 1st quarter valued at about $50,000. Institutional investors own 64.79% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday.

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).