BRAEMAR HOTELS & RESORTS (NYSE:BHR) Issues Quarterly Earnings Results, Beats Expectations By $0.43 EPS

BRAEMAR HOTELS & RESORTS (NYSE:BHR) released its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.43, FiscalAI reports. BRAEMAR HOTELS & RESORTS had a negative return on equity of 1.87% and a negative net margin of 0.45%.The business had revenue of $171.03 million during the quarter, compared to analysts’ expectations of $166.22 million.

BRAEMAR HOTELS & RESORTS Stock Down 1.2%

BRAEMAR HOTELS & RESORTS stock traded down $0.03 during midday trading on Friday, hitting $2.10. 31,505 shares of the stock were exchanged, compared to its average volume of 467,537. BRAEMAR HOTELS & RESORTS has a 52-week low of $1.88 and a 52-week high of $3.19. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 7.45. The business’s 50-day moving average price is $2.20 and its 200-day moving average price is $2.48. The stock has a market capitalization of $143.88 million, a price-to-earnings ratio of -2.87 and a beta of 0.80.

Analysts Set New Price Targets

Several brokerages have recently commented on BHR. Wall Street Zen raised shares of BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of BRAEMAR HOTELS & RESORTS from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Finally, Robert W. Baird increased their target price on shares of BRAEMAR HOTELS & RESORTS from $2.00 to $2.50 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.50.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd purchased a new stake in shares of BRAEMAR HOTELS & RESORTS during the fourth quarter valued at approximately $30,000. Strs Ohio purchased a new position in shares of BRAEMAR HOTELS & RESORTS during the 1st quarter valued at $32,000. BNP Paribas Financial Markets lifted its holdings in BRAEMAR HOTELS & RESORTS by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock valued at $34,000 after purchasing an additional 6,062 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in BRAEMAR HOTELS & RESORTS in the 3rd quarter worth approximately $38,000. Finally, Franklin Resources Inc. purchased a new stake in shares of BRAEMAR HOTELS & RESORTS during the third quarter worth $42,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.

The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.