Robert W. Baird Issues Pessimistic Forecast for BRAEMAR HOTELS & RESORTS (NYSE:BHR) Stock Price

BRAEMAR HOTELS & RESORTS (NYSE:BHR) had its target price reduced by analysts at Robert W. Baird from $2.50 to $2.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 58.10% from the company’s previous close.

Separately, Weiss Ratings lowered BRAEMAR HOTELS & RESORTS from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BRAEMAR HOTELS & RESORTS presently has an average rating of “Reduce” and an average price target of $2.00.

BRAEMAR HOTELS & RESORTS Trading Up 2.0%

Shares of BHR opened at $1.26 on Monday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.03. The stock has a market cap of $86.88 million, a PE ratio of -1.73 and a beta of 0.82. BRAEMAR HOTELS & RESORTS has a 1 year low of $1.18 and a 1 year high of $3.19. The stock has a 50 day simple moving average of $1.84 and a 200-day simple moving average of $2.15.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.43. BRAEMAR HOTELS & RESORTS had a negative return on equity of 1.92% and a negative net margin of 0.45%. The business had revenue of $171.03 million for the quarter, compared to analyst estimates of $166.22 million.

Institutional Trading of BRAEMAR HOTELS & RESORTS

Several hedge funds have recently modified their holdings of BHR. Public Employees Retirement System of Ohio bought a new position in BRAEMAR HOTELS & RESORTS in the 2nd quarter worth approximately $227,000. Bank of America Corp DE bought a new position in BRAEMAR HOTELS & RESORTS in the second quarter valued at about $171,000. Hsbc Holdings PLC acquired a new stake in BRAEMAR HOTELS & RESORTS in the second quarter worth about $228,000. Canada Pension Plan Investment Board acquired a new stake in BRAEMAR HOTELS & RESORTS in the second quarter worth about $284,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in BRAEMAR HOTELS & RESORTS in the second quarter worth about $46,000. 64.79% of the stock is owned by institutional investors.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts, Inc is a real estate investment trust focused on owning and investing in luxury hotels and high-end resorts. The company’s portfolio is concentrated in upper-upscale and luxury properties located in destination and gateway markets across the United States.

Braemar’s properties typically operate under established hotel brands or as independent luxury accommodations. Its offerings include guest rooms and suites, restaurants and bars, meeting and event facilities, spas, and other resort amenities.