Teachers Insurance & Annuity Association of America Sells 16,357 Shares of Braemar Hotels & Resorts (NYSE:BHR)

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Teachers Insurance & Annuity Association of America lowered its stake in shares of Braemar Hotels & Resorts (NYSE:BHR) by 60.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,697 shares of the company’s stock after selling 16,357 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in Braemar Hotels & Resorts were worth $105,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. LSV Asset Management boosted its position in Braemar Hotels & Resorts by 11.4% during the second quarter. LSV Asset Management now owns 1,288,796 shares of the company’s stock worth $12,759,000 after purchasing an additional 132,291 shares during the period. JPMorgan Chase & Co. boosted its position in Braemar Hotels & Resorts by 29.7% during the first quarter. JPMorgan Chase & Co. now owns 937,553 shares of the company’s stock worth $11,447,000 after purchasing an additional 214,907 shares during the period. Renaissance Technologies LLC boosted its position in Braemar Hotels & Resorts by 2.2% during the second quarter. Renaissance Technologies LLC now owns 792,175 shares of the company’s stock worth $7,843,000 after purchasing an additional 17,266 shares during the period. Prudential Financial Inc. boosted its position in Braemar Hotels & Resorts by 26.7% during the second quarter. Prudential Financial Inc. now owns 662,009 shares of the company’s stock worth $6,554,000 after purchasing an additional 139,635 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Braemar Hotels & Resorts by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 563,589 shares of the company’s stock worth $5,580,000 after purchasing an additional 4,877 shares during the period. 74.20% of the stock is owned by hedge funds and other institutional investors.

Shares of BHR traded up $0.06 during mid-day trading on Friday, hitting $9.47. The company’s stock had a trading volume of 3,990 shares, compared to its average volume of 177,676. Braemar Hotels & Resorts has a one year low of $7.89 and a one year high of $14.03. The company has a debt-to-equity ratio of 2.99, a quick ratio of 2.22 and a current ratio of 2.22. The firm has a market capitalization of $309.61 million, a PE ratio of 6.14 and a beta of 1.16. The stock’s 50-day moving average is $8.94 and its two-hundred day moving average is $10.99.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.65). Braemar Hotels & Resorts had a negative net margin of 4.34% and a negative return on equity of 5.22%. The business had revenue of $118.52 million during the quarter, compared to the consensus estimate of $124.55 million. Analysts expect that Braemar Hotels & Resorts will post 1.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.16 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 6.76%. Braemar Hotels & Resorts’s dividend payout ratio is 41.29%.

A number of equities research analysts have issued reports on the company. B. Riley set a $13.00 target price on Braemar Hotels & Resorts and gave the stock a “buy” rating in a research report on Wednesday, July 31st. ValuEngine cut Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, June 24th. Zacks Investment Research raised Braemar Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Deutsche Bank reissued a “buy” rating and issued a $18.00 price objective on shares of Braemar Hotels & Resorts in a research report on Thursday, August 15th. Finally, TheStreet cut Braemar Hotels & Resorts from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Braemar Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $14.25.

In other news, insider Mark Nunneley bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $8.08 per share, for a total transaction of $202,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 29,825 shares of company stock valued at $244,744 over the last 90 days. 8.90% of the stock is currently owned by corporate insiders.

Braemar Hotels & 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 Hotels & Resorts (NYSE:BHR)

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