Braemar Hotels & Resorts (NYSE:BHR) Short Interest Up 15.3% in November

Braemar Hotels & Resorts (NYSE:BHR) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,020,000 shares, an increase of 15.3% from the October 31st total of 884,300 shares. Based on an average trading volume of 255,800 shares, the short-interest ratio is presently 4.0 days.

Braemar Hotels & Resorts Stock Performance

BHR traded up $0.08 during trading hours on Tuesday, reaching $3.67. 264,912 shares of the stock traded hands, compared to its average volume of 310,262. 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. The firm’s fifty day simple moving average is $3.20 and its two-hundred day simple moving average is $3.07.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $148.40 million during the quarter, compared to the consensus estimate of $157.78 million. Braemar Hotels & Resorts had a negative net margin of 0.30% and a negative return on equity of 0.78%. During the same quarter last year, the company earned ($0.08) earnings per share. As a group, equities research analysts anticipate that Braemar Hotels & Resorts will post 0.43 EPS for the current fiscal year.

Braemar Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.45%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is -25.97%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in shares of Braemar Hotels & Resorts by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 257,138 shares of the company’s stock worth $656,000 after purchasing an additional 6,140 shares during the period. BNP Paribas Financial Markets boosted its stake in 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 during the period. Fortitude Family Office LLC grew its position 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 during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Braemar Hotels & Resorts in the third quarter valued at approximately $36,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Braemar Hotels & Resorts by 10.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 159,154 shares of the company’s stock valued at $319,000 after buying an additional 14,525 shares during the last quarter. 64.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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.

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).