Braemar Hotels & Resorts (BHR) Given a $11.00 Price Target by Robert W. Baird Analysts

Robert W. Baird set a $11.00 price target on Braemar Hotels & Resorts (NYSE:BHR) in a research report sent to investors on Monday. The firm currently has a hold rating on the stock.

A number of other equities analysts have also recently issued reports on BHR. Deutsche Bank set a $15.00 target price on Braemar Hotels & Resorts and gave the stock a buy rating in a report on Monday, August 6th. B. Riley increased their target price on Braemar Hotels & Resorts from $13.00 to $14.00 and gave the stock a buy rating in a report on Monday, August 6th. ValuEngine cut Braemar Hotels & Resorts from a hold rating to a sell rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research lowered Braemar Hotels & Resorts from a hold rating to a sell rating in a research report on Monday, October 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $13.50.

Shares of BHR opened at $9.69 on Monday. Braemar Hotels & Resorts has a 12-month low of $8.44 and a 12-month high of $12.10. The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $313.74 million, a P/E ratio of 5.98 and a beta of 0.85.

Braemar Hotels & Resorts (NYSE:BHR) last issued its earnings results on Wednesday, October 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. Braemar Hotels & Resorts had a return on equity of 10.28% and a net margin of 9.08%. The company had revenue of $108.85 million for the quarter, compared to analysts’ expectations of $110.46 million. As a group, sell-side analysts forecast that Braemar Hotels & Resorts will post 1.43 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new stake in Braemar Hotels & Resorts in the 2nd quarter valued at $501,000. Schwab Charles Investment Management Inc. purchased a new stake in Braemar Hotels & Resorts in the 2nd quarter valued at $5,235,000. Millennium Management LLC purchased a new stake in Braemar Hotels & Resorts in the 2nd quarter valued at $5,939,000. TCW Group Inc. raised its position in Braemar Hotels & Resorts by 61.7% in the 3rd quarter. TCW Group Inc. now owns 80,029 shares of the company’s stock valued at $942,000 after buying an additional 30,546 shares during the last quarter. Finally, Ironwood Investment Management LLC purchased a new stake in Braemar Hotels & Resorts in the 2nd quarter valued at $477,000. 78.71% of the stock is owned by institutional investors and hedge funds.

About Braemar Hotels & 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).

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