BRAEMAR HOTELS & RESORTS (NYSE:BHR) Issues Earnings Results, Beats Expectations By $0.43 EPS

BRAEMAR HOTELS & RESORTS (NYSE:BHRGet Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.43, FiscalAI reports. The business had revenue of $171.03 million for the quarter, compared to analyst estimates of $166.22 million. BRAEMAR HOTELS & RESORTS had a negative net margin of 2.24% and a negative return on equity of 8.68%.

BRAEMAR HOTELS & RESORTS Price Performance

Shares of BHR traded down $0.03 during midday trading on Wednesday, reaching $2.06. The stock had a trading volume of 507,619 shares, compared to its average volume of 472,339. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 7.45. The company has a market capitalization of $141.82 million, a price-to-earnings ratio of -2.15 and a beta of 0.80. The company’s 50-day moving average is $2.22 and its 200 day moving average is $2.49. BRAEMAR HOTELS & RESORTS has a 12-month low of $1.88 and a 12-month high of $3.19.

Institutional Trading of BRAEMAR HOTELS & RESORTS

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in BRAEMAR HOTELS & RESORTS by 44.2% during the fourth quarter. Hsbc Holdings PLC now owns 107,120 shares of the company’s stock valued at $298,000 after acquiring an additional 32,826 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of BRAEMAR HOTELS & RESORTS by 42.7% in the 4th quarter. Corient Private Wealth LLC now owns 51,490 shares of the company’s stock valued at $148,000 after purchasing an additional 15,395 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 4th quarter valued at $52,000. Quadrature Capital Ltd bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 4th quarter valued at $30,000. Finally, Odyssean LLC purchased a new position in BRAEMAR HOTELS & RESORTS in the 4th quarter worth $104,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of BRAEMAR HOTELS & RESORTS from $2.00 to $2.50 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Wall Street Zen raised BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings cut BRAEMAR HOTELS & RESORTS from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BRAEMAR HOTELS & RESORTS presently has a consensus rating of “Reduce” and an average target price of $2.50.

View Our Latest Analysis on BRAEMAR HOTELS & RESORTS

About BRAEMAR HOTELS & RESORTS

(Get Free Report)

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.

See Also

Earnings History for BRAEMAR HOTELS & RESORTS (NYSE:BHR)

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