BRAEMAR HOTELS & RESORTS (NYSE:BHR) Announces Quarterly Earnings Results

BRAEMAR HOTELS & RESORTS (NYSE:BHR) released its quarterly earnings results on Wednesday. The company reported ($3.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($2.80), FiscalAI reports. The firm had revenue of $101.58 million for the quarter, compared to analyst estimates of $103.61 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 1.92% and a negative net margin of 0.45%.

BRAEMAR HOTELS & RESORTS Stock Performance

Shares of BRAEMAR HOTELS & RESORTS stock traded up $0.14 during trading on Wednesday, hitting $1.61. 574,000 shares of the stock were exchanged, compared to its average volume of 494,610. 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 company has a fifty day moving average price of $1.64 and a 200-day moving average price of $2.25. The stock has a market capitalization of $110.92 million, a price-to-earnings ratio of -2.21 and a beta of 0.85. BRAEMAR HOTELS & RESORTS has a 1-year low of $1.18 and a 1-year high of $3.19.

Analyst Upgrades and Downgrades

BHR has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Wednesday, October 28th. Robert W. Baird lowered their price target on shares of BRAEMAR HOTELS & RESORTS from $2.50 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $2.00.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts Inc (NYSE:BHR) is a real estate investment trust focused on owning and investing in luxury hotels and high-end resorts. The company’s portfolio has included upscale lodging properties in major urban destinations and resort markets across the United States.

Braemar’s properties operate under well-known luxury and lifestyle hotel brands, as well as independent names. Its hotels provide guest accommodations, food and beverage services, meeting and event facilities, spa amenities, and other hospitality services.