Braemar Hotels & Resorts (NYSE:BHR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Braemar Hotels & Resorts (NYSE:BHR) have earned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $15.00.

Several research firms recently issued reports on BHR. Deutsche Bank reissued a “buy” rating and set a $17.00 price target on shares of Braemar Hotels & Resorts in a research report on Wednesday, November 6th. B. Riley upgraded Braemar Hotels & Resorts to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, October 9th. ValuEngine cut shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Zacks Investment Research downgraded shares of Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th.

Braemar Hotels & Resorts stock traded down $0.01 during midday trading on Friday, reaching $9.68. The stock had a trading volume of 62,603 shares, compared to its average volume of 90,127. Braemar Hotels & Resorts has a 1-year low of $7.89 and a 1-year high of $14.03. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.89 and a current ratio of 1.89. The firm’s fifty day simple moving average is $9.52 and its 200-day simple moving average is $9.61. The stock has a market capitalization of $322.61 million, a P/E ratio of 6.25 and a beta of 1.13.

Braemar Hotels & Resorts (NYSE:BHR) last released its earnings results on Wednesday, October 30th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.20). The business had revenue of $118.88 million during the quarter, compared to the consensus estimate of $116.33 million. Braemar Hotels & Resorts had a negative net margin of 5.86% and a negative return on equity of 7.26%. On average, sell-side analysts anticipate that Braemar Hotels & Resorts will post 1.24 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its holdings in Braemar Hotels & Resorts by 84.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock valued at $28,000 after purchasing an additional 1,282 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Braemar Hotels & Resorts by 39.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock valued at $64,000 after purchasing an additional 1,811 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Braemar Hotels & Resorts in the second quarter valued at $105,000. Susquehanna International Group LLP raised its position in shares of Braemar Hotels & Resorts by 27.1% in the second quarter. Susquehanna International Group LLP now owns 14,364 shares of the company’s stock valued at $142,000 after purchasing an additional 3,064 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in shares of Braemar Hotels & Resorts during the 2nd quarter worth about $153,000. 72.01% of the stock is currently owned by institutional investors and hedge funds.

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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