Braemar Hotels & Resorts (NYSE:BHR) announced its quarterly earnings data on Thursday. The company reported ($1.41) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.53) by ($0.88), Fidelity Earnings reports. The company had revenue of $12.90 million for the quarter, compared to the consensus estimate of $16.47 million. Braemar Hotels & Resorts had a negative net margin of 2.43% and a negative return on equity of 3.21%.
Shares of BHR traded down $0.07 during mid-day trading on Friday, hitting $2.44. 448,576 shares of the stock were exchanged, compared to its average volume of 531,558. The company has a market cap of $81.83 million, a PE ratio of 24.40 and a beta of 2.73. Braemar Hotels & Resorts has a 52-week low of $1.14 and a 52-week high of $10.39. The firm has a 50-day moving average of $2.87 and a two-hundred day moving average of $4.30. The company has a debt-to-equity ratio of 3.43, a quick ratio of 2.52 and a current ratio of 2.52.
A number of research analysts recently commented on the company. ValuEngine raised Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. B. Riley cut Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $4.50 price target on the stock. in a report on Friday, June 5th. Deutsche Bank reissued a “buy” rating and issued a $6.00 price target on shares of Braemar Hotels & Resorts in a report on Friday. Finally, Zacks Investment Research cut Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, June 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.83.
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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