Braemar Hotels & Resorts (NYSE:BHR) posted its quarterly earnings results on Thursday. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.82) by $0.34, Yahoo Finance reports. Braemar Hotels & Resorts had a net margin of 0.08% and a return on equity of 0.10%.
BHR opened at $2.29 on Friday. Braemar Hotels & Resorts has a twelve month low of $1.14 and a twelve month high of $12.36. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.78 and a current ratio of 1.78. The firm’s fifty day moving average is $2.37 and its two-hundred day moving average is $6.53. The firm has a market cap of $89.50 million, a PE ratio of -7.12 and a beta of 2.74.
Several research firms recently issued reports on BHR. B. Riley dropped their price target on shares of Braemar Hotels & Resorts from $11.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. DA Davidson cut shares of Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 10th. ValuEngine cut shares of Braemar Hotels & Resorts from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Finally, Zacks Investment Research cut shares of Braemar Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Braemar Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $11.33.
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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