From MarketBeat:

Braemar Hotels & Resorts experienced a significant increase in short interest in December. There was a total of 1,560,000 short-interest shares, reflecting a 13.9% jump from the previous month. The short-interest ratio is currently 4.9 days based on an average daily trading volume of 321,200 shares.

StockNews.com issued a “sell” rating for Braemar Hotels & Resorts, while the company’s stock performance saw a decrease of $0.05, trading at $2.44 on Wednesday. The company’s market cap currently sits at $161.02 million, with a 1-year high of $5.60 and a low of $1.91.

Braemar Hotels & Resorts announced a quarterly dividend of $0.05 per share to be paid on January 16th. This represents an annualized dividend of $0.20 and a yield of 8.20%. The company’s dividend payout ratio is currently -23.81%.

Many institutional investors and hedge funds have increased their stakes in Braemar Hotels & Resorts. These include Millennium Management LLC, LSV Asset Management, AQR Capital Management LLC, Hotchkis & Wiley Capital Management LLC, and Vanguard Group Inc., among others.

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. The company is listed on the New York Stock Exchange under the symbol BHR and is externally-advised by Ashford.

MarketBeat reviewed this story before publication and keeps track of Wall Street’s top-rated analysts. While Braemar Hotels & Resorts currently has a “Hold” rating among analysts, top-rated analysts recommend other stocks.



Read more: Braemar Hotels & Resorts (NYSE:BHR) Sees Large Increase in Short Interest