Zacks: Braemar Hotel & Resorts Inc (BHR) Given $14.00 Consensus Price Target by Brokerages

Braemar Hotel & Resorts Inc (NYSE:BHR) has received an average broker rating score of 1.50 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a strong buy recommendation to the company.

Brokers have set a 12 month consensus price objective of $14.00 for the company and are predicting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Braemar Hotel & Resorts an industry rank of 186 out of 255 based on the ratings given to its competitors.

Several equities research analysts have commented on BHR shares. Zacks Investment Research lowered shares of Braemar Hotel & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. ValuEngine lowered shares of Braemar Hotel & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Deutsche Bank set a $15.00 price target on shares of Braemar Hotel & Resorts and gave the company a “buy” rating in a research note on Monday, August 6th. Finally, B. Riley raised their price target on shares of Braemar Hotel & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, August 6th.



Several large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Braemar Hotel & Resorts during the second quarter valued at approximately $25,787,000. LSV Asset Management acquired a new position in shares of Braemar Hotel & Resorts during the second quarter valued at approximately $12,263,000. Renaissance Technologies LLC acquired a new position in shares of Braemar Hotel & Resorts during the second quarter valued at approximately $6,462,000. Millennium Management LLC acquired a new position in shares of Braemar Hotel & Resorts during the second quarter valued at approximately $5,939,000. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Braemar Hotel & Resorts during the second quarter valued at approximately $5,455,000. Institutional investors own 74.02% of the company’s stock.

NYSE BHR traded down $0.21 during trading hours on Tuesday, reaching $10.31. The company’s stock had a trading volume of 90,827 shares, compared to its average volume of 221,765. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 2.61. Braemar Hotel & Resorts has a 52 week low of $8.44 and a 52 week high of $12.10. The stock has a market capitalization of $335.10 million, a P/E ratio of 6.36 and a beta of 0.81.

Braemar Hotel & Resorts (NYSE:BHR) last issued its earnings results on Wednesday, August 1st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.09. Braemar Hotel & Resorts had a net margin of 9.30% and a return on equity of 10.61%. The firm had revenue of $121.12 million for the quarter, compared to analysts’ expectations of $120.22 million. As a group, equities research analysts expect that Braemar Hotel & Resorts will post 1.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a $0.16 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 6.21%. Braemar Hotel & Resorts’s payout ratio is currently 39.51%.

About Braemar Hotel & Resorts

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

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