Deutsche Bank Reaffirms “Buy” Rating for Braemar Hotels & Resorts (NYSE:BHR)

Deutsche Bank reaffirmed their buy rating on shares of Braemar Hotels & Resorts (NYSE:BHR) in a report issued on Thursday morning, AnalystRatings.com reports. Deutsche Bank currently has a $18.00 target price on the stock.

A number of other equities analysts have also commented on the company. DA Davidson reaffirmed a buy rating on shares of Braemar Hotels & Resorts in a report on Monday, July 29th. B. Riley set a $13.00 price target on Braemar Hotels & Resorts and gave the stock a buy rating in a report on Wednesday, July 31st. Zacks Investment Research raised Braemar Hotels & Resorts from a strong sell rating to a hold rating in a report on Wednesday, July 24th. ValuEngine downgraded Braemar Hotels & Resorts from a hold rating to a sell rating in a research report on Monday, June 24th. Finally, TheStreet downgraded Braemar Hotels & Resorts from a c- rating to a d+ rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $14.25.

Braemar Hotels & Resorts stock opened at $9.26 on Thursday. Braemar Hotels & Resorts has a one year low of $7.89 and a one year high of $14.03. The business has a fifty day moving average price of $9.21 and a 200-day moving average price of $11.35. The company has a debt-to-equity ratio of 2.99, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market capitalization of $288.23 million, a P/E ratio of 6.49 and a beta of 1.14.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.65). Braemar Hotels & Resorts had a negative return on equity of 5.22% and a negative net margin of 4.34%. The company had revenue of $118.52 million during the quarter, compared to the consensus estimate of $124.55 million. Sell-side analysts expect that Braemar Hotels & Resorts will post 1.27 earnings per share for the current fiscal year.

In other Braemar Hotels & Resorts news, insider Mark Nunneley acquired 25,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $8.08 per share, for a total transaction of $202,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 29,325 shares of company stock worth $240,444 in the last quarter. 8.90% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of BHR. Invesco Ltd. raised its position in shares of Braemar Hotels & Resorts by 34.4% in the second quarter. Invesco Ltd. now owns 1,020,434 shares of the company’s stock worth $10,102,000 after buying an additional 261,429 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Braemar Hotels & Resorts by 29.7% in the first quarter. JPMorgan Chase & Co. now owns 937,553 shares of the company’s stock worth $11,447,000 after buying an additional 214,907 shares in the last quarter. Virtus ETF Advisers LLC purchased a new stake in shares of Braemar Hotels & Resorts in the second quarter worth $2,068,000. Bank of Montreal Can raised its position in shares of Braemar Hotels & Resorts by 2,322.6% in the first quarter. Bank of Montreal Can now owns 165,755 shares of the company’s stock worth $2,024,000 after buying an additional 158,913 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Braemar Hotels & Resorts by 26.7% in the second quarter. Prudential Financial Inc. now owns 662,009 shares of the company’s stock worth $6,554,000 after buying an additional 139,635 shares in the last quarter. Institutional investors own 76.66% of the company’s stock.

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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