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.
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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