BRAEMAR HOTELS & RESORTS (NYSE:BHR) Price Target Raised to $2.50

BRAEMAR HOTELS & RESORTS (NYSE:BHR) had its target price raised by Robert W. Baird from $2.00 to $2.50 in a research note released on Tuesday, MarketBeat reports. The brokerage currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Wall Street Zen raised BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $2.50.

BRAEMAR HOTELS & RESORTS Price Performance

Shares of NYSE:BHR opened at $2.33 on Tuesday. The company’s fifty day moving average price is $2.24 and its 200 day moving average price is $2.51. BRAEMAR HOTELS & RESORTS has a 12 month low of $1.88 and a 12 month high of $3.19. The company has a debt-to-equity ratio of 7.45, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $159.68 million, a P/E ratio of -2.42 and a beta of 0.79.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.68. BRAEMAR HOTELS & RESORTS had a negative net margin of 2.24% and a negative return on equity of 8.68%. The firm had revenue of $208.98 million during the quarter, compared to analysts’ expectations of $201.97 million. As a group, sell-side analysts predict that BRAEMAR HOTELS & RESORTS will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRAEMAR HOTELS & RESORTS

Institutional investors and hedge funds have recently made changes to their positions in the business. Anson Funds Management LP increased its position in BRAEMAR HOTELS & RESORTS by 48.5% in the 1st quarter. Anson Funds Management LP now owns 1,808,219 shares of the company’s stock valued at $4,267,000 after acquiring an additional 590,316 shares during the period. Rangeley Capital LLC lifted its position in BRAEMAR HOTELS & RESORTS by 143.6% during the 1st quarter. Rangeley Capital LLC now owns 222,000 shares of the company’s stock worth $524,000 after acquiring an additional 130,860 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of BRAEMAR HOTELS & RESORTS by 79.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 102,245 shares of the company’s stock valued at $241,000 after purchasing an additional 45,414 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of BRAEMAR HOTELS & RESORTS by 8.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,050,262 shares of the company’s stock valued at $2,479,000 after purchasing an additional 78,853 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of BRAEMAR HOTELS & RESORTS by 156.3% in the first quarter. Sei Investments Co. now owns 464,867 shares of the company’s stock valued at $1,097,000 after purchasing an additional 283,476 shares during the period. 64.79% of the stock is owned by hedge funds and other institutional investors.

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.