284,933 Shares in Braemar Hotel & Resorts Inc (BHR) Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new stake in shares of Braemar Hotel & Resorts Inc (NYSE:BHR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 284,933 shares of the company’s stock, valued at approximately $3,253,000. Bank of New York Mellon Corp owned 0.88% of Braemar Hotel & Resorts as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of BHR. BNP Paribas Arbitrage SA bought a new position in shares of Braemar Hotel & Resorts during the second quarter valued at $105,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Braemar Hotel & Resorts in the second quarter valued at about $218,000. Public Employees Retirement Association of Colorado bought a new position in shares of Braemar Hotel & Resorts in the second quarter valued at about $228,000. Spirit of America Management Corp NY bought a new position in shares of Braemar Hotel & Resorts in the second quarter valued at about $267,000. Finally, IndexIQ Advisors LLC bought a new position in shares of Braemar Hotel & Resorts in the second quarter valued at about $317,000. 73.81% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on the company. ValuEngine cut Braemar Hotel & Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. B. Riley set a $14.00 price target on Braemar Hotel & Resorts and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research raised Braemar Hotel & Resorts from a “hold” rating to a “strong-buy” rating and set a $14.00 price target for the company in a report on Monday, July 9th. Finally, Deutsche Bank set a $15.00 price target on Braemar Hotel & Resorts and gave the company a “buy” rating in a report on Monday, August 6th.

Braemar Hotel & Resorts stock opened at $11.36 on Monday. The company has a debt-to-equity ratio of 2.61, a current ratio of 4.62 and a quick ratio of 4.62. Braemar Hotel & Resorts Inc has a 12-month low of $8.44 and a 12-month high of $12.10. The stock has a market capitalization of $382.55 million, a P/E ratio of 7.01 and a beta of 0.81.

Braemar Hotel & Resorts (NYSE:BHR) last released its quarterly earnings results on Wednesday, August 1st. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.09. Braemar Hotel & Resorts had a return on equity of 10.61% and a net margin of 9.30%. The business had revenue of $121.12 million during the quarter, compared to analysts’ expectations of $120.22 million. As a group, sell-side analysts predict that Braemar Hotel & Resorts Inc will post 1.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.63%. Braemar Hotel & Resorts’s dividend payout ratio is 39.51%.

Braemar Hotel & Resorts 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).

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Institutional Ownership by Quarter for Braemar Hotel & Resorts (NYSE:BHR)

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