Simplify Asset Management Inc. boosted its position in BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR – Free Report) by 256.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 653,000 shares of the company’s stock after acquiring an additional 470,000 shares during the period. Simplify Asset Management Inc.’s holdings in BRAEMAR HOTELS & RESORTS were worth $1,091,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of BHR. Kathmere Capital Management LLC raised its stake in shares of BRAEMAR HOTELS & RESORTS by 55.0% during the first quarter. Kathmere Capital Management LLC now owns 15,745 shares of the company’s stock valued at $37,000 after acquiring an additional 5,589 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of BRAEMAR HOTELS & RESORTS in the second quarter worth about $46,000. Ieq Capital LLC bought a new stake in shares of BRAEMAR HOTELS & RESORTS in the second quarter worth about $54,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in BRAEMAR HOTELS & RESORTS during the 2nd quarter valued at about $98,000. Finally, Deutsche Bank AG purchased a new position in BRAEMAR HOTELS & RESORTS during the 2nd quarter valued at about $104,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.
Analyst Upgrades and Downgrades
BHR has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price target on BRAEMAR HOTELS & RESORTS from $2.50 to $2.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Wednesday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $2.00.
Get Our Latest Stock Analysis on BRAEMAR HOTELS & RESORTS
BRAEMAR HOTELS & RESORTS Stock Down 0.4%
Shares of BRAEMAR HOTELS & RESORTS stock opened at $1.33 on Thursday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.03. BRAEMAR HOTELS & RESORTS INC. has a 12-month low of $1.18 and a 12-month high of $3.19. The company has a market cap of $91.69 million, a P/E ratio of -1.83 and a beta of 0.82. The company’s fifty day simple moving average is $1.70 and its two-hundred day simple moving average is $2.28.
BRAEMAR HOTELS & RESORTS (NYSE:BHR – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, topping 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 firm had revenue of $171.03 million during the quarter, compared to analysts’ expectations of $166.22 million.
BRAEMAR HOTELS & RESORTS Profile
Braemar Hotels & Resorts Inc (NYSE:BHR) is a real estate investment trust focused on owning and investing in luxury hotels and high-end resorts. The company’s portfolio has included upscale lodging properties in major urban destinations and resort markets across the United States.
Braemar’s properties operate under well-known luxury and lifestyle hotel brands, as well as independent names. Its hotels provide guest accommodations, food and beverage services, meeting and event facilities, spa amenities, and other hospitality services.
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