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

Shares of Braemar Hotels & Resorts (NYSE:BHR) have earned an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.33.

A number of equities research analysts have recently commented on BHR shares. B. Riley raised shares of Braemar Hotels & Resorts from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $14.00 to $13.00 in a research note on Wednesday, July 10th. ValuEngine cut shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, June 24th. Finally, Zacks Investment Research raised shares of Braemar Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 24th.

A number of institutional investors have recently added to or reduced their stakes in BHR. Nisa Investment Advisors LLC grew its stake in Braemar Hotels & Resorts by 84.3% in the 2nd 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 during the period. Legal & General Group Plc grew its stake 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 acquiring an additional 1,112 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in Braemar Hotels & Resorts by 184.5% in the 4th 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 during the period. State of Alaska Department of Revenue grew its stake in Braemar Hotels & Resorts by 21.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,629 shares of the company’s stock valued at $114,000 after acquiring an additional 2,028 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in Braemar Hotels & Resorts in the 4th quarter valued at $131,000. 74.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE BHR opened at $9.12 on Friday. The firm has a market cap of $305.48 million, a PE ratio of 6.23 and a beta of 1.15. Braemar Hotels & Resorts has a 12 month low of $8.32 and a 12 month high of $14.03. The stock’s 50 day moving average price is $9.57. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 2.96.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.11) EPS 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%. On average, equities analysts forecast that Braemar Hotels & Resorts will post 1.32 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.64 dividend on an annualized basis and a yield of 7.02%. Braemar Hotels & Resorts’s dividend payout ratio is currently 41.29%.

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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