Braemar Hotels & Resorts (BHR) Given Average Rating of “Hold” by Brokerages

Braemar Hotels & Resorts (NYSE:BHR) has earned an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.67.

Several research firms have recently weighed in on BHR. Zacks Investment Research cut shares of Braemar Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 26th. Deutsche Bank increased their price target on shares of Braemar Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, March 1st. ValuEngine upgraded shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, B. Riley lowered shares of Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a report on Wednesday, May 1st.

Several hedge funds have recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in shares of Braemar Hotels & Resorts by 30.1% in the 1st quarter. Nordea Investment Management AB now owns 326,072 shares of the company’s stock worth $3,981,000 after acquiring an additional 75,400 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Braemar Hotels & Resorts in the 1st quarter worth approximately $415,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Braemar Hotels & Resorts in the 1st quarter worth approximately $154,000. Renaissance Technologies LLC lifted its holdings in shares of Braemar Hotels & Resorts by 22.9% in the 1st quarter. Renaissance Technologies LLC now owns 774,909 shares of the company’s stock worth $9,462,000 after acquiring an additional 144,259 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Braemar Hotels & Resorts by 602.0% in the 1st quarter. AQR Capital Management LLC now owns 325,807 shares of the company’s stock worth $3,978,000 after acquiring an additional 279,393 shares during the last quarter. Hedge funds and other institutional investors own 74.52% of the company’s stock.

Shares of Braemar Hotels & Resorts stock traded down $0.06 during mid-day trading on Friday, hitting $9.99. The stock had a trading volume of 18,314 shares, compared to its average volume of 153,642. Braemar Hotels & Resorts has a 12-month low of $8.32 and a 12-month high of $14.03. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.75 and a quick ratio of 2.75. The stock has a market cap of $328.47 million, a price-to-earnings ratio of 6.45 and a beta of 1.25.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.49). Braemar Hotels & Resorts had a negative net margin of 0.80% and a negative return on equity of 0.97%. The firm had revenue of $128.51 million during the quarter, compared to analysts’ expectations of $120.97 million. Equities analysts expect that Braemar Hotels & Resorts will post 1.34 earnings per share for the current fiscal year.

Braemar Hotels & Resorts Company 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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