Zacks: Braemar Hotels & Resorts (BHR) Given Average Rating of “Buy” by Analysts

Braemar Hotels & Resorts (NYSE:BHR) has been assigned a consensus broker rating score of 1.50 (Buy) from the four analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and three have given a strong buy rating to the company.

Analysts have set a 12-month consensus price target of $13.50 for the company and are predicting that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also given Braemar Hotels & Resorts an industry rank of 149 out of 257 based on the ratings given to its competitors.

BHR has been the subject of a number of analyst reports. ValuEngine cut Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Zacks Investment Research cut Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. B. Riley set a $14.00 price target on Braemar Hotels & Resorts and gave the stock a “buy” rating in a research report on Thursday, October 4th. Deutsche Bank set a $15.00 price target on Braemar Hotels & Resorts and gave the stock a “buy” rating in a research report on Monday, August 6th. Finally, Robert W. Baird set a $11.00 price target on Braemar Hotels & Resorts and gave the stock a “hold” rating in a research report on Monday, November 19th.

BHR opened at $9.71 on Friday. The firm has a market cap of $315.69 million, a P/E ratio of 5.99 and a beta of 0.85. Braemar Hotels & Resorts has a 1 year low of $8.44 and a 1 year high of $12.10. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 2.69.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings data on Wednesday, October 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. The firm had revenue of $108.85 million during the quarter, compared to analysts’ expectations of $110.46 million. Braemar Hotels & Resorts had a return on equity of 10.28% and a net margin of 9.08%. As a group, analysts predict that Braemar Hotels & Resorts will post 1.41 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA acquired a new stake in shares of Braemar Hotels & Resorts in the second quarter worth about $105,000. State of Alaska Department of Revenue bought a new position in shares of Braemar Hotels & Resorts in the third quarter worth about $109,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Braemar Hotels & Resorts in the second quarter worth about $120,000. Schroder Investment Management Group bought a new position in shares of Braemar Hotels & Resorts in the second quarter worth about $128,000. Finally, Macquarie Group Ltd. bought a new position in shares of Braemar Hotels & Resorts in the second quarter worth about $151,000. 78.71% of the stock is owned by institutional investors.

Braemar Hotels & 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).

Featured Article: Book Value Per Share – BVPS

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

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

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

Leave a Reply