Braemar Hotels & Resorts (NYSE:BHR) Director Buys $10,308.00 in Stock

Braemar Hotels & Resorts (NYSE:BHR) Director Abteen Vaziri purchased 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $8.59 per share, with a total value of $10,308.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of BHR stock opened at $9.02 on Friday. The company has a current ratio of 2.22, a quick ratio of 2.75 and a debt-to-equity ratio of 2.99. The company has a market capitalization of $283.62 million, a PE ratio of 5.82 and a beta of 1.14. The company has a 50 day moving average of $9.31. Braemar Hotels & Resorts has a 1 year low of $7.89 and a 1 year high of $14.03.

Braemar Hotels & Resorts (NYSE:BHR) last released its earnings results on Wednesday, July 31st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.65). Braemar Hotels & Resorts had a negative return on equity of 5.22% and a negative net margin of 4.34%. The business had revenue of $118.52 million for the quarter, compared to the consensus estimate of $124.55 million. On average, equities research analysts predict that Braemar Hotels & Resorts will post 1.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 7.10%. The ex-dividend date of this dividend was Thursday, June 27th. Braemar Hotels & Resorts’s payout ratio is presently 41.29%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL lifted its stake in Braemar Hotels & Resorts by 3.3% during the first quarter. Gamco Investors INC. ET AL now owns 31,000 shares of the company’s stock worth $379,000 after purchasing an additional 1,000 shares during the last quarter. Legal & General Group Plc lifted its stake in Braemar Hotels & Resorts by 26.2% during the fourth quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock worth $48,000 after purchasing an additional 1,112 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Braemar Hotels & Resorts by 84.3% during the second quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock worth $28,000 after purchasing an additional 1,282 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Braemar Hotels & Resorts by 39.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock worth $64,000 after purchasing an additional 1,811 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Braemar Hotels & Resorts by 21.1% during the second quarter. State of Alaska Department of Revenue now owns 11,629 shares of the company’s stock worth $114,000 after purchasing an additional 2,028 shares during the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.

Several brokerages recently issued reports on BHR. B. Riley set a $13.00 price target on Braemar Hotels & Resorts and gave the company a “buy” rating in a research note on Wednesday, July 31st. TheStreet cut Braemar Hotels & Resorts from a “c-” rating to a “d+” rating in a research note on Thursday, August 1st. DA Davidson reiterated a “buy” rating on shares of Braemar Hotels & Resorts in a research note on Monday, July 29th. Zacks Investment Research upgraded Braemar Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, ValuEngine cut Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Braemar Hotels & Resorts currently has a consensus rating of “Hold” and a consensus price target of $14.50.

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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