BRAEMAR HOTELS & RESORTS (NYSE:BHR – Free Report) had its target price trimmed by Robert W. Baird from $2.50 to $2.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
Separately, Weiss Ratings downgraded shares of BRAEMAR HOTELS & RESORTS from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $2.00.
View Our Latest Analysis on BHR
BRAEMAR HOTELS & RESORTS Stock Up 5.2%
BRAEMAR HOTELS & RESORTS (NYSE:BHR – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.43. BRAEMAR HOTELS & RESORTS had a negative net margin of 0.45% and a negative return on equity of 1.92%. The company had revenue of $171.03 million during the quarter, compared to the consensus estimate of $166.22 million.
Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS
Several institutional investors have recently bought and sold shares of the company. Anson Funds Management LP raised its stake in shares of BRAEMAR HOTELS & RESORTS by 48.5% in the first quarter. Anson Funds Management LP now owns 1,808,219 shares of the company’s stock valued at $4,267,000 after buying an additional 590,316 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of BRAEMAR HOTELS & RESORTS by 8.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,050,262 shares of the company’s stock worth $2,479,000 after acquiring an additional 78,853 shares during the period. Sei Investments Co. increased its holdings in BRAEMAR HOTELS & RESORTS by 156.3% in the 1st quarter. Sei Investments Co. now owns 464,867 shares of the company’s stock worth $1,097,000 after acquiring an additional 283,476 shares during the last quarter. Rangeley Capital LLC increased its holdings in BRAEMAR HOTELS & RESORTS by 143.6% in the 1st quarter. Rangeley Capital LLC now owns 222,000 shares of the company’s stock worth $524,000 after acquiring an additional 130,860 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in BRAEMAR HOTELS & RESORTS in the 2nd quarter worth about $381,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.
About BRAEMAR HOTELS & RESORTS
Braemar Hotels & Resorts, Inc is a real estate investment trust focused on owning and investing in luxury hotels and high-end resorts. The company’s portfolio is concentrated in upper-upscale and luxury properties located in destination and gateway markets across the United States.
Braemar’s properties typically operate under established hotel brands or as independent luxury accommodations. Its offerings include guest rooms and suites, restaurants and bars, meeting and event facilities, spas, and other resort amenities.
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