Braemar Hotels & Resorts (BHR) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a sell rating to a hold rating in a research report report published on Wednesday.

A number of other research analysts also recently weighed in on the company. Deutsche Bank set a $17.00 target price on Braemar Hotels & Resorts and gave the company a buy rating in a report on Sunday, December 9th. Zacks Investment Research raised Braemar Hotels & Resorts from a sell rating to a hold rating in a report on Tuesday, December 4th. DA Davidson started coverage on Braemar Hotels & Resorts in a report on Friday, December 14th. They issued a buy rating on the stock. Robert W. Baird set a $11.00 target price on Braemar Hotels & Resorts and gave the company a hold rating in a report on Monday, November 19th. Finally, B. Riley set a $14.00 target price on Braemar Hotels & Resorts and gave the company a buy rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $12.88.

BHR stock traded up $0.01 during midday trading on Wednesday, hitting $10.16. The company had a trading volume of 9,353 shares, compared to its average volume of 168,507. The company has a debt-to-equity ratio of 2.69, a quick ratio of 4.17 and a current ratio of 4.17. The company has a market capitalization of $312.77 million, a P/E ratio of 6.31, a PEG ratio of 1.20 and a beta of 0.79. Braemar Hotels & Resorts has a 52 week low of $8.32 and a 52 week high of $12.10.

Braemar Hotels & Resorts (NYSE:BHR) last released its earnings results on Wednesday, October 31st. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. The firm had revenue of $108.85 million for 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, equities analysts predict that Braemar Hotels & Resorts will post 1.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were issued a $0.16 dividend. The ex-dividend date was Friday, December 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.30%. Braemar Hotels & Resorts’s dividend payout ratio is presently 39.51%.

A number of hedge funds have recently made changes to their positions in BHR. Boston Advisors LLC purchased a new stake in Braemar Hotels & Resorts during the 4th quarter valued at about $863,000. Vanguard Group Inc grew its stake in Braemar Hotels & Resorts by 6.3% during the 3rd quarter. Vanguard Group Inc now owns 3,286,735 shares of the company’s stock valued at $38,685,000 after purchasing an additional 195,469 shares during the last quarter. Vanguard Group Inc. grew its stake in Braemar Hotels & Resorts by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,286,735 shares of the company’s stock valued at $38,685,000 after purchasing an additional 195,469 shares during the last quarter. Nordea Investment Management AB purchased a new stake in Braemar Hotels & Resorts during the 3rd quarter valued at about $2,251,000. Finally, Teachers Advisors LLC grew its stake in Braemar Hotels & Resorts by 9.4% during the 3rd quarter. Teachers Advisors LLC now owns 133,675 shares of the company’s stock valued at $1,573,000 after purchasing an additional 11,511 shares during the last quarter. Hedge funds and other institutional investors own 77.13% of the company’s stock.

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).

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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