Braemar Hotel & Resorts (BHR) Given a $14.00 Price Target by B. Riley Analysts

B. Riley set a $14.00 price target on Braemar Hotel & Resorts (NYSE:BHR) in a research report report published on Thursday. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for Braemar Hotel & Resorts’ Q4 2018 earnings at $0.25 EPS, Q1 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.25 EPS, FY2019 earnings at $1.31 EPS and FY2020 earnings at $1.34 EPS.

BHR has been the subject of a number of other research reports. ValuEngine downgraded Braemar Hotel & Resorts from a hold rating to a sell rating in a report on Wednesday, August 8th. Zacks Investment Research raised Braemar Hotel & Resorts from a hold rating to a strong-buy rating and set a $14.00 target price for the company in a report on Monday, July 9th. Finally, Deutsche Bank set a $15.00 target price on Braemar Hotel & Resorts and gave the company a buy rating in a report on Monday, August 6th.

Braemar Hotel & Resorts stock opened at $11.36 on Thursday. Braemar Hotel & Resorts has a one year low of $8.44 and a one year high of $12.10. The company has a debt-to-equity ratio of 2.61, a current ratio of 4.62 and a quick ratio of 4.62. The firm has a market capitalization of $382.55 million, a price-to-earnings ratio of 7.01 and a beta of 0.81.

Braemar Hotel & Resorts (NYSE:BHR) last released its earnings results on Wednesday, August 1st. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. Braemar Hotel & Resorts had a return on equity of 10.61% and a net margin of 9.30%. The company had revenue of $121.12 million during the quarter, compared to the consensus estimate of $120.22 million. On average, analysts predict that Braemar Hotel & Resorts will post 1.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend is Thursday, September 27th. Braemar Hotel & Resorts’s dividend payout ratio (DPR) is currently 39.51%.

Several hedge funds have recently made changes to their positions in BHR. BlackRock Inc. purchased a new position in shares of Braemar Hotel & Resorts in the second quarter valued at $25,787,000. LSV Asset Management purchased a new position in shares of Braemar Hotel & Resorts in the second quarter valued at $12,263,000. Renaissance Technologies LLC purchased a new position in shares of Braemar Hotel & Resorts in the second quarter valued at $6,462,000. Millennium Management LLC purchased a new position in shares of Braemar Hotel & Resorts in the second quarter valued at $5,939,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Braemar Hotel & Resorts in the second quarter valued at $5,455,000. Institutional investors and hedge funds own 73.81% of the company’s stock.

Braemar Hotel & Resorts Company Profile

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

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