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.
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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