Short Interest in BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) Decreases By 14.6%

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,095,036 shares, a decrease of 14.6% from the January 15th total of 1,281,646 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 359,423 shares, the days-to-cover ratio is currently 3.0 days. Based on an average daily volume of 359,423 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.7% of the shares of the stock are sold short.

BRAEMAR HOTELS & RESORTS Stock Down 0.5%

Shares of BRAEMAR HOTELS & RESORTS stock traded down $0.02 during midday trading on Tuesday, hitting $2.98. The company’s stock had a trading volume of 947,209 shares, compared to its average volume of 389,274. The stock has a 50-day simple moving average of $2.88 and a 200-day simple moving average of $2.71. The firm has a market capitalization of $202.95 million, a P/E ratio of -3.42 and a beta of 0.79. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 5.64. BRAEMAR HOTELS & RESORTS has a 1-year low of $1.80 and a 1-year high of $3.28.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BHR. Zacks Research raised shares of BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new stake in shares of BRAEMAR HOTELS & RESORTS in the second quarter worth $1,256,000. Noesis Capital Mangement Corp acquired a new position in shares of BRAEMAR HOTELS & RESORTS during the second quarter worth approximately $172,000. Los Angeles Capital Management LLC acquired a new stake in shares of BRAEMAR HOTELS & RESORTS in the second quarter worth $59,000. Harbor Capital Advisors Inc. increased its position in BRAEMAR HOTELS & RESORTS by 958.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,107 shares of the company’s stock worth $29,000 after acquiring an additional 9,152 shares during the period. Finally, Kathmere Capital Management LLC bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 4th quarter worth about $29,000. 64.79% of the stock is owned by institutional investors and hedge funds.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.

The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.