Campbell Capital Management Inc. Buys New Stake in Braemar Hotels & Resorts (BHR)

Campbell Capital Management Inc. bought a new position in shares of Braemar Hotels & Resorts (NYSE:BHR) during the 4th quarter, Holdings Channel reports. The fund bought 92,412 shares of the company’s stock, valued at approximately $825,000. Braemar Hotels & Resorts accounts for about 1.1% of Campbell Capital Management Inc.’s portfolio, making the stock its 19th biggest holding.

A number of other large investors also recently added to or reduced their stakes in the business. Legal & General Group Plc grew its position in Braemar Hotels & Resorts by 26.2% during the 4th quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock worth $48,000 after purchasing an additional 1,112 shares during the last quarter. Martingale Asset Management L P grew its position in Braemar Hotels & Resorts by 0.9% during the 4th quarter. Martingale Asset Management L P now owns 149,100 shares of the company’s stock worth $1,332,000 after purchasing an additional 1,396 shares during the last quarter. California Public Employees Retirement System grew its position in Braemar Hotels & Resorts by 3.2% during the 4th quarter. California Public Employees Retirement System now owns 90,478 shares of the company’s stock worth $808,000 after purchasing an additional 2,797 shares during the last quarter. Strs Ohio grew its position in Braemar Hotels & Resorts by 5.8% during the 4th quarter. Strs Ohio now owns 51,299 shares of the company’s stock worth $458,000 after purchasing an additional 2,809 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Braemar Hotels & Resorts by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 486,442 shares of the company’s stock worth $4,344,000 after purchasing an additional 2,972 shares during the last quarter. 75.88% of the stock is currently owned by institutional investors.

Several analysts have weighed in on BHR shares. DA Davidson started coverage on shares of Braemar Hotels & Resorts in a research report on Friday, December 14th. They set a “buy” rating on the stock. Deutsche Bank set a $17.00 target price on shares of Braemar Hotels & Resorts and gave the stock a “buy” rating in a research report on Sunday, December 9th. Zacks Investment Research raised shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Thursday, January 3rd. Finally, ValuEngine raised shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, December 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $14.50.

BHR stock opened at $12.41 on Tuesday. The firm has a market capitalization of $398.95 million, a PE ratio of 8.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.04. The company has a current ratio of 4.49, a quick ratio of 4.49 and a debt-to-equity ratio of 2.54. Braemar Hotels & Resorts has a 12 month low of $8.32 and a 12 month high of $13.74.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings data on Wednesday, February 27th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.19). Braemar Hotels & Resorts had a net margin of 0.31% and a return on equity of 0.35%. On average, research analysts expect that Braemar Hotels & Resorts will post 1.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Thursday, March 28th. Braemar Hotels & Resorts’s dividend payout ratio (DPR) is currently 41.29%.

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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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