Navis Wealth Advisors LLC Has $46,000 Stock Position in Braemar Hotels & Resorts (NYSE:BHR)

Navis Wealth Advisors LLC lowered its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR) by 77.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,213 shares of the company’s stock after selling 50,815 shares during the quarter. Navis Wealth Advisors LLC’s holdings in Braemar Hotels & Resorts were worth $46,000 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. SG Americas Securities LLC raised its holdings in Braemar Hotels & Resorts by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 33,216 shares of the company’s stock valued at $100,000 after buying an additional 4,408 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 acquiring an additional 8,206 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Braemar Hotels & Resorts in the 3rd quarter valued at approximately $36,000. XTX Topco Ltd acquired a new stake in Braemar Hotels & Resorts in the 2nd quarter worth approximately $55,000. Finally, Verition Fund Management LLC bought a new stake in Braemar Hotels & Resorts during the third quarter worth approximately $68,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Braemar Hotels & Resorts Stock Down 0.2 %

Braemar Hotels & Resorts stock opened at $2.51 on Friday. The firm has a market cap of $166.64 million, a price-to-earnings ratio of -3.25 and a beta of 2.08. The firm has a fifty day moving average price of $3.14 and a two-hundred day moving average price of $3.15. Braemar Hotels & Resorts has a fifty-two week low of $1.79 and a fifty-two week high of $3.95. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.20 and a quick ratio of 2.20.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. The firm had revenue of $148.40 million during the quarter, compared to the consensus estimate of $157.78 million. During the same period in the prior year, the firm earned ($0.08) EPS. As a group, analysts forecast that Braemar Hotels & Resorts will post 0.59 earnings per share for the current year.

Braemar Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.98%. Braemar Hotels & Resorts’s payout ratio is presently -25.97%.

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).