Zacks: Braemar Hotel & Resorts Inc (BHR) Given $14.00 Average Target Price by Analysts

Braemar Hotel & Resorts Inc (NYSE:BHR) has received an average broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and three have given a strong buy recommendation to the company.

Brokerages have set a twelve-month consensus price target of $14.00 for the company and are forecasting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given Braemar Hotel & Resorts an industry rank of 168 out of 255 based on the ratings given to its competitors.

A number of research firms have recently issued reports on BHR. ValuEngine downgraded shares of Braemar Hotel & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Braemar Hotel & Resorts from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research report on Monday, July 9th. B. Riley set a $14.00 price target on shares of Braemar Hotel & Resorts and gave the stock a “buy” rating in a research report on Thursday, October 4th. Finally, Deutsche Bank set a $15.00 price target on shares of Braemar Hotel & Resorts and gave the stock a “buy” rating in a research report on Monday, August 6th.

A number of large investors have recently modified their holdings of BHR. State of Alaska Department of Revenue acquired a new position in Braemar Hotel & Resorts during the 3rd quarter valued at about $109,000. Northern Trust Corp acquired a new position in shares of Braemar Hotel & Resorts in the 2nd quarter worth approximately $4,009,000. Bank of New York Mellon Corp acquired a new position in shares of Braemar Hotel & Resorts in the 2nd quarter worth approximately $3,253,000. Schroder Investment Management Group acquired a new position in shares of Braemar Hotel & Resorts in the second quarter worth about $128,000. Finally, California Public Employees Retirement System acquired a new position in shares of Braemar Hotel & Resorts in the second quarter worth about $974,000. Hedge funds and other institutional investors own 73.81% of the company’s stock.

NYSE BHR traded down $0.38 during trading hours on Monday, reaching $10.01. 182,609 shares of the company traded hands, compared to its average volume of 232,578. Braemar Hotel & Resorts has a 12 month low of $8.44 and a 12 month 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 company has a market capitalization of $382.55 million, a price-to-earnings ratio of 6.18 and a beta of 0.81.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.64 annualized dividend and a yield of 6.39%. Braemar Hotel & Resorts’s dividend payout ratio is presently 39.51%.

About Braemar Hotel & Resorts

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).

Featured Article: Why do companies issue stock splits?

Get a free copy of the Zacks research report on Braemar Hotel & Resorts (BHR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Braemar Hotel & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braemar Hotel & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply