Braemar Hotels & Resorts (NYSE:BHR) Receives Average Recommendation of “Hold” from Analysts

Braemar Hotels & Resorts (NYSE:BHR) has been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.67.

BHR has been the subject of a number of research analyst reports. ValuEngine cut Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Zacks Investment Research cut Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. B. Riley cut Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a report on Wednesday, May 1st. Finally, Deutsche Bank increased their price target on Braemar Hotels & Resorts from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 1st.

A number of institutional investors have recently made changes to their positions in BHR. Legal & General Group Plc raised its position in Braemar Hotels & Resorts by 26.2% in the 4th quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock valued at $48,000 after purchasing an additional 1,112 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Braemar Hotels & Resorts by 184.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock worth $97,000 after acquiring an additional 7,014 shares in the last quarter. Symons Capital Management Inc. acquired a new stake in shares of Braemar Hotels & Resorts during the 4th quarter worth about $103,000. Principal Financial Group Inc. acquired a new stake in shares of Braemar Hotels & Resorts during the 4th quarter worth about $131,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Braemar Hotels & Resorts by 9.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 11,241 shares of the company’s stock worth $137,000 after acquiring an additional 987 shares in the last quarter. Institutional investors own 74.52% of the company’s stock.

NYSE:BHR traded down $0.03 during trading hours on Friday, hitting $10.37. The company had a trading volume of 2,956 shares, compared to its average volume of 209,240. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 2.96. The stock has a market cap of $341.98 million, a P/E ratio of 6.69 and a beta of 1.26. Braemar Hotels & Resorts has a 1 year low of $8.32 and a 1 year high of $14.03.

Braemar Hotels & Resorts (NYSE:BHR) last issued its earnings results on Wednesday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.49). The company had revenue of $128.51 million during the quarter, compared to analysts’ expectations of $120.97 million. Braemar Hotels & Resorts had a negative net margin of 0.80% and a negative return on equity of 0.97%. On average, equities analysts anticipate that Braemar Hotels & Resorts will post 1.34 earnings per share for the current year.

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).

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