Braemar Hotels & Resorts (NYSE:BHR) Expected to Post Earnings of $0.26 Per Share

Brokerages expect Braemar Hotels & Resorts (NYSE:BHR) to post earnings of $0.26 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Braemar Hotels & Resorts’ earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.29. Braemar Hotels & Resorts posted earnings per share of $0.15 during the same quarter last year, which suggests a positive year-over-year growth rate of 73.3%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 26th.

According to Zacks, analysts expect that Braemar Hotels & Resorts will report full year earnings of $1.40 per share for the current year, with EPS estimates ranging from $1.33 to $1.43. For the next year, analysts forecast that the company will report earnings of $1.51 per share, with EPS estimates ranging from $1.46 to $1.59. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Braemar Hotels & Resorts.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings data on Wednesday, October 30th. The company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.20). The firm had revenue of $118.88 million during the quarter, compared to the consensus estimate of $116.33 million. Braemar Hotels & Resorts had a negative net margin of 5.86% and a negative return on equity of 7.26%.

Several research analysts recently issued reports on BHR shares. ValuEngine lowered shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Deutsche Bank reissued a “buy” rating and set a $17.00 target price on shares of Braemar Hotels & Resorts in a research note on Wednesday, November 6th. B. Riley raised shares of Braemar Hotels & Resorts to a “buy” rating and set a $13.00 target price on the stock in a research note on Wednesday, October 9th. Finally, Zacks Investment Research lowered shares of Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Braemar Hotels & Resorts presently has an average rating of “Hold” and an average price target of $13.33.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its stake in shares of Braemar Hotels & Resorts by 49.4% in the third quarter. Nisa Investment Advisors LLC now owns 4,186 shares of the company’s stock valued at $39,000 after buying an additional 1,384 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Braemar Hotels & Resorts by 39.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock valued at $64,000 after buying an additional 1,811 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Braemar Hotels & Resorts in the second quarter valued at $105,000. Susquehanna International Group LLP lifted its stake in shares of Braemar Hotels & Resorts by 27.1% in the second quarter. Susquehanna International Group LLP now owns 14,364 shares of the company’s stock valued at $142,000 after buying an additional 3,064 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Braemar Hotels & Resorts in the second quarter valued at $153,000. 72.01% of the stock is currently owned by institutional investors and hedge funds.

NYSE BHR traded up $0.09 on Monday, hitting $9.45. 165,881 shares of the company were exchanged, compared to its average volume of 91,640. The company has a market cap of $313.40 million, a PE ratio of 7.33 and a beta of 1.13. Braemar Hotels & Resorts has a 12 month low of $7.89 and a 12 month high of $14.03. The stock has a fifty day moving average of $9.57 and a 200-day moving average of $9.46. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.16.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, December 30th. This is a positive change from Braemar Hotels & Resorts’s previous quarterly dividend of $0.16. This represents a $0.64 annualized dividend and a yield of 6.77%. 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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Earnings History and Estimates for Braemar Hotels & Resorts (NYSE:BHR)

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