BRAEMAR HOTELS & RESORTS (NYSE:BHR) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of BRAEMAR HOTELS & RESORTS (NYSE:BHR) from a hold rating to a sell rating in a research report report published on Saturday morning,Wall Street Zen reports.

Other analysts have also issued research reports about the stock. Weiss Ratings lowered shares of BRAEMAR HOTELS & RESORTS from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. Robert W. Baird decreased their price objective 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 investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $2.00.

BRAEMAR HOTELS & RESORTS Price Performance

Shares of BHR traded up $0.04 during trading hours on Friday, hitting $1.73. 396,726 shares of the company were exchanged, compared to its average volume of 654,598. The company has a quick ratio of 2.01, a current ratio of 1.56 and a debt-to-equity ratio of 5.03. BRAEMAR HOTELS & RESORTS has a fifty-two week low of $1.18 and a fifty-two week high of $3.19. The company has a market cap of $118.47 million, a price-to-earnings ratio of 0.64 and a beta of 0.85. The firm’s fifty day moving average is $1.58 and its 200 day moving average is $2.20.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($3.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($2.80). BRAEMAR HOTELS & RESORTS had a net margin of 34.68% and a return on equity of 269.26%. The company had revenue of $101.58 million during the quarter, compared to analyst estimates of $103.61 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Anson Funds Management LP increased its holdings in shares of BRAEMAR HOTELS & RESORTS by 48.5% during the first quarter. Anson Funds Management LP now owns 1,808,219 shares of the company’s stock worth $4,267,000 after buying an additional 590,316 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of BRAEMAR HOTELS & RESORTS by 1,593.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 533,736 shares of the company’s stock valued at $891,000 after acquiring an additional 502,215 shares during the last quarter. Simplify Asset Management Inc. lifted its stake in shares of BRAEMAR HOTELS & RESORTS by 256.8% in the 3rd quarter. Simplify Asset Management Inc. now owns 653,000 shares of the company’s stock valued at $1,091,000 after acquiring an additional 470,000 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of BRAEMAR HOTELS & RESORTS by 156.3% during the 1st quarter. Sei Investments Co. now owns 464,867 shares of the company’s stock valued at $1,097,000 after acquiring an additional 283,476 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of BRAEMAR HOTELS & RESORTS by 28.1% during the 3rd quarter. Marshall Wace LLP now owns 1,098,572 shares of the company’s stock valued at $1,835,000 after acquiring an additional 240,898 shares in the last quarter. Institutional investors own 64.79% of the company’s stock.

About BRAEMAR HOTELS & RESORTS

Braemar Hotels & Resorts is a real estate investment trust that owns luxury hotels and resorts. Its portfolio includes properties in urban and resort destinations, with hotel operations handled by third-party operators. The company was established in 2013 as Ashford Hospitality Prime, following a spin-off from Ashford Hospitality Trust. It adopted the Braemar Hotels & Resorts name in 2018 and is externally advised by Ashford Hospitality Advisors, an affiliate of Ashford Inc.