Braemar Hotels & Resorts (NYSE:BHR) Rating Increased to Buy at B. Riley

B. Riley upgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a neutral rating to a buy rating in a report released on Wednesday, Benzinga reports. They currently have $13.00 price target on the stock, down from their prior price target of $14.00. B. Riley also issued estimates for Braemar Hotels & Resorts’ Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.23 EPS, FY2019 earnings at $1.37 EPS, Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.44 EPS, Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.28 EPS, FY2020 earnings at $1.37 EPS and FY2021 earnings at $1.38 EPS.

BHR has been the subject of a number of other reports. ValuEngine raised YPF from a sell rating to a hold rating in a report on Monday, June 24th. Zacks Investment Research raised DLH from a sell rating to a hold rating in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $14.50.

BHR stock opened at $9.36 on Wednesday. The business’s 50 day moving average price is $10.13. Braemar Hotels & Resorts has a fifty-two week low of $8.32 and a fifty-two week high of $14.03. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 2.96. The firm has a market cap of $307.78 million, a P/E ratio of 6.28 and a beta of 1.15.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.49). The firm had revenue of $128.51 million for the quarter, compared to analyst estimates of $120.97 million. Braemar Hotels & Resorts had a negative return on equity of 0.97% and a negative net margin of 0.80%. Equities analysts predict that Braemar Hotels & Resorts will post 1.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date is Thursday, June 27th. Braemar Hotels & Resorts’s dividend payout ratio is currently 41.29%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings in shares of Braemar Hotels & Resorts by 84.3% in the second quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock valued at $28,000 after acquiring an additional 1,282 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Braemar Hotels & Resorts by 26.2% in the fourth quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock valued at $48,000 after acquiring an additional 1,112 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of Braemar Hotels & Resorts by 184.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock valued at $97,000 after acquiring an additional 7,014 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Braemar Hotels & Resorts in the fourth quarter valued at approximately $131,000. Finally, WINTON GROUP Ltd bought a new position in shares of Braemar Hotels & Resorts in the second quarter valued at approximately $136,000. 74.07% of the stock is owned by hedge funds and other institutional investors.

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).

Further Reading: Can systematic risk be avoided?

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.