ValuEngine Lowers Braemar Hotels & Resorts (BHR) to Hold

ValuEngine lowered shares of Braemar Hotels & Resorts (NYSE:BHR) from a buy rating to a hold rating in a research report released on Wednesday, ValuEngine reports.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Braemar Hotels & Resorts from a hold rating to a buy rating and set a $15.00 price objective for the company in a research report on Monday, May 13th. Deutsche Bank increased their price objective on shares of Braemar Hotels & Resorts from $17.00 to $19.00 and gave the stock a buy rating in a research report on Friday, March 1st. Finally, B. Riley cut shares of Braemar Hotels & Resorts from a buy rating to a neutral rating and set a $14.00 price objective for the company. in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $14.75.

BHR opened at $12.06 on Wednesday. Braemar Hotels & Resorts has a twelve month low of $8.32 and a twelve month high of $14.03. 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 firm has a market cap of $397.56 million, a PE ratio of 7.78 and a beta of 1.08.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.49). Braemar Hotels & Resorts had a negative return on equity of 0.97% and a negative net margin of 0.80%. The firm had revenue of $128.51 million for the quarter, compared to analyst estimates of $120.97 million. As a group, research analysts anticipate that Braemar Hotels & Resorts will post 1.36 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of BHR. Legal & General Group Plc increased its position in shares of 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 buying an additional 1,112 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in 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 worth $97,000 after purchasing an additional 7,014 shares during the period. Symons Capital Management Inc. acquired a new stake in Braemar Hotels & Resorts in the fourth quarter worth $103,000. Principal Financial Group Inc. acquired a new stake in Braemar Hotels & Resorts in the fourth quarter worth $131,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Braemar Hotels & Resorts by 9.6% in the first quarter. The Manufacturers Life Insurance Company now owns 11,241 shares of the company’s stock worth $137,000 after purchasing an additional 987 shares during the period. Institutional investors own 79.41% 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).

See Also: Exchange-Traded Funds (ETFs)

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

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