Braemar Hotels & Resorts Inc., announced that the Company will be added to the U.S. small-cap Russell 2000® Index, the U.S. broad-market Russell 3000® Index, and the Russell Microcap® Index, as part of the Russell Indexes annual reconstitution. The additions will be effective after the U.S. market opens on June 28, 2021.
“We are pleased to be added to the Russell 2000®, Russell 3000® and Russell Microcap® indexes which reflects our continued positive momentum and efforts to maximize value for our shareholders,” Richard J. Stockton, Braemar’s President and Chief Executive Officer. “We expect our addition to the indexes will help increase our visibility within the investment community as we execute on our strategic initiatives long-term.”
Annual Russell indexes reconstitution captures the 4,000 largest US, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, remains in place for one year, measures the performance of the largest 3,000 publicly-traded companies in the United States. The Russell 2000® Index is the most common benchmark for small capitalization companies and the Russell Microcap® Index measures the performance of the microcap segment of the U.S. equity market. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
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Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.