Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Holdings in Braemar Hotels & Resorts (NYSE:BHR)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Braemar Hotels & Resorts (NYSE:BHR) by 33.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,390 shares of the company’s stock after purchasing an additional 9,091 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.06% of Braemar Hotels & Resorts worth $89,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Beverly Hills Private Wealth LLC purchased a new position in Braemar Hotels & Resorts in the 3rd quarter worth approximately $28,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Braemar Hotels & Resorts during the third quarter valued at approximately $32,000. PFG Investments LLC bought a new position in Braemar Hotels & Resorts in the third quarter worth about $36,000. M&T Bank Corp bought a new stake in shares of Braemar Hotels & Resorts during the third quarter valued at approximately $44,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new position in Braemar Hotels & Resorts during the 3rd quarter valued at about $97,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Stock Performance

BHR stock opened at $2.78 on Friday. The stock’s fifty day moving average price is $2.43 and its 200-day moving average price is $2.34. Braemar Hotels & Resorts has a 1 year low of $1.79 and a 1 year high of $4.37. The company has a debt-to-equity ratio of 4.14, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market cap of $184.81 million, a P/E ratio of -2.48 and a beta of 2.02.

Braemar Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 7.19%. The ex-dividend date is Friday, June 28th. Braemar Hotels & Resorts’s dividend payout ratio is presently -17.86%.

Wall Street Analyst Weigh In

Separately, B. Riley reduced their price target on Braemar Hotels & Resorts from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Monday, March 18th.

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).