LSV Asset Management Cuts Stake in Braemar Hotels & Resorts (NYSE:BHR)

LSV Asset Management lessened its stake in Braemar Hotels & Resorts (NYSE:BHR) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,983,748 shares of the company’s stock after selling 63,840 shares during the quarter. LSV Asset Management owned 4.52% of Braemar Hotels & Resorts worth $7,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BHR. Campbell Capital Management Inc. purchased a new stake in shares of Braemar Hotels & Resorts during the fourth quarter valued at $345,000. Navis Wealth Advisors LLC bought a new stake in Braemar Hotels & Resorts during the third quarter valued at approximately $151,000. Ironwood Investment Management LLC increased its stake in shares of Braemar Hotels & Resorts by 11.4% in the 3rd quarter. Ironwood Investment Management LLC now owns 380,343 shares of the company’s stock worth $1,054,000 after purchasing an additional 39,000 shares in the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in Braemar Hotels & Resorts during the 3rd quarter worth approximately $97,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Braemar Hotels & Resorts by 46.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,632 shares of the company’s stock worth $270,000 after buying an additional 30,996 shares in the last quarter. Institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Stock Down 4.1 %

NYSE BHR opened at $2.57 on Thursday. Braemar Hotels & Resorts has a 52 week low of $1.79 and a 52 week high of $4.37. The firm has a market capitalization of $170.85 million, a price-to-earnings ratio of -2.29 and a beta of 2.02. 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 fifty day moving average of $2.25 and a two-hundred day moving average of $2.32.

Braemar Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 7.78%. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is presently -17.86%.

Wall Street Analyst Weigh In

Separately, B. Riley reduced their price objective on Braemar Hotels & Resorts from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, March 18th.

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).