BRAEMAR HOTELS & RESORTS (NYSE:BHR) Issues Earnings Results, Misses Estimates By $0.62 EPS

BRAEMAR HOTELS & RESORTS (NYSE:BHR) issued its quarterly earnings data on Thursday. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.62), FiscalAI reports. BRAEMAR HOTELS & RESORTS had a negative net margin of 1.04% and a negative return on equity of 3.27%. The business had revenue of $165.56 million for the quarter, compared to the consensus estimate of $147.20 million.

BRAEMAR HOTELS & RESORTS Stock Performance

BHR stock traded down $0.03 during mid-day trading on Thursday, reaching $3.07. 451,770 shares of the stock traded hands, compared to its average volume of 375,238. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 5.64. BRAEMAR HOTELS & RESORTS has a 52 week low of $1.80 and a 52 week high of $3.28. The business has a 50-day moving average of $2.92 and a two-hundred day moving average of $2.75. The firm has a market capitalization of $209.44 million, a PE ratio of -3.53 and a beta of 0.78.

Institutional Trading of BRAEMAR HOTELS & RESORTS

Several hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC increased its position in BRAEMAR HOTELS & RESORTS by 42.7% in the 4th quarter. Corient Private Wealth LLC now owns 51,490 shares of the company’s stock worth $148,000 after buying an additional 15,395 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of BRAEMAR HOTELS & RESORTS in the fourth quarter worth $52,000. Quadrature Capital Ltd acquired a new stake in shares of BRAEMAR HOTELS & RESORTS in the fourth quarter worth $30,000. Odyssean LLC bought a new position in BRAEMAR HOTELS & RESORTS during the fourth quarter worth $104,000. Finally, AQR Capital Management LLC raised its stake in BRAEMAR HOTELS & RESORTS by 45.9% during the 4th quarter. AQR Capital Management LLC now owns 25,342 shares of the company’s stock valued at $73,000 after purchasing an additional 7,973 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BHR shares. Zacks Research raised shares of BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BRAEMAR HOTELS & RESORTS currently has an average rating of “Reduce”.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.

The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.