BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR – Get Free Report)’s share price was up 2.2% during mid-day trading on Monday . The stock traded as high as $2.14 and last traded at $2.1050. Approximately 551,330 shares changed hands during trading, a decline of 45% from the average session volume of 998,554 shares. The stock had previously closed at $2.06.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on BHR shares. Wall Street Zen upgraded shares of BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird lowered their target price on shares of BRAEMAR HOTELS & RESORTS from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $2.00.
View Our Latest Stock Analysis on BRAEMAR HOTELS & RESORTS
BRAEMAR HOTELS & RESORTS Stock Performance
BRAEMAR HOTELS & RESORTS (NYSE:BHR – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.68. The firm had revenue of $208.98 million for the quarter, compared to analysts’ expectations of $201.97 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 8.68% and a negative net margin of 2.24%. On average, research analysts predict that BRAEMAR HOTELS & RESORTS INC. will post 0.13 EPS for the current year.
Institutional Investors Weigh In On BRAEMAR HOTELS & RESORTS
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its position in shares of BRAEMAR HOTELS & RESORTS by 958.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 10,107 shares of the company’s stock worth $29,000 after purchasing an additional 9,152 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in BRAEMAR HOTELS & RESORTS during the fourth quarter worth $29,000. Quadrature Capital Ltd acquired a new position in BRAEMAR HOTELS & RESORTS during the fourth quarter worth $30,000. BNP Paribas Financial Markets lifted its stake in shares of BRAEMAR HOTELS & RESORTS by 94.1% in the third quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock valued at $34,000 after buying an additional 6,062 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of BRAEMAR HOTELS & RESORTS in the first quarter valued at $32,000. 64.79% of the stock is owned by institutional investors.
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.
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