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SG Americas Securities LLC Increases Position in Braemar Hotels & Resorts (NYSE:BHR)

Vaseline 1 month ago


SG Americas Securities LLC grew its holdings in shares of Braemar Hotels & Resorts (NYSE:BHR – Free Report) by 25.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,867 shares of the company, after purchasing an additional 7,226 shares during the period. SG Americas Securities LLC’s holdings in Braemar Hotels & Resorts were worth $90,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new stake in shares of Braemar Hotels & Resorts in the fourth quarter worth $27,000. Beverly Hills Private Wealth LLC acquired a new position in Braemar Hotels & Resorts in the third quarter valued at $28,000. Graham Capital Management LP acquired a new position in Braemar Hotels & Resorts worth $30,000 in the third quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Braemar Hotels & Resorts in the third quarter valued at $32,000. Finally, Optas LLC acquired a new position in shares of Braemar Hotels & Resorts in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 64.79% of the company’s shares.

Wall Street analysts predict growth

Additionally, B. Riley lowered their price target on Braemar Hotels & Resorts from $3.00 to $2.50 in a research note on Monday, March 18.

Read our latest research report on Braemar Hotels & Resorts

Stock of Braemar Hotels & Resorts rises by 4.5%

Shares of Braemar Hotels & Resorts opened at $2.30 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.93. The company has a market cap of $153.00 million, a price-to-earnings ratio of -2.05 and a beta of 2.19. Braemar Hotels & Resorts has a fifty-two week low of $1.79 and a fifty-two week high of $4.37. The company has a 50-day moving average of $2.15 and a 200-day moving average of $2.33.

Braemar Hotels & Resorts announces dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15. Shareholders of record on Friday, June 28 will receive a dividend of $0.05 per share. This represents a dividend of $0.20 annually and a dividend yield of 8.70%. The ex-dividend date of this dividend is Friday, June 28. Braemar Hotels & Resorts’ dividend payout ratio (DPR) currently stands at -17.86%.

About Braemar Hotels & Resorts

(Free report)

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in full-service luxury hotels and resorts with high RevPAR. We are listed on the New York Stock Exchange under the symbol BHR and are externally advised by Ashford (NYSE American: AINC).

Read further

Would you like to see which other hedge funds own BHR? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Braemar Hotels & Resorts (NYSE:BHR – Free Report).

Quarterly Institutional Ownership for Braemar Hotels & Resorts (NYSE:BHR)



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