Braemar Hotels & Resorts (BHR) Downgraded to Hold at Zacks Investment Research

Braemar Hotels & Resorts (NYSE:BHR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Braemar Hotels & Resorts Inc. operates as a real estate investment trust. It focused on investing in luxury hotels and resorts. Braemar Hotels & Resorts Inc., formerly known as Ashford Hospitality Prime is based in Texas, United States. “

Other equities research analysts have also recently issued research reports about the company. DA Davidson initiated coverage on Braemar Hotels & Resorts in a research note on Friday, December 14th. They set a “buy” rating for the company. Deutsche Bank set a $17.00 target price on Braemar Hotels & Resorts and gave the stock a “buy” rating in a research note on Sunday, December 9th. B. Riley set a $14.00 target price on Braemar Hotels & Resorts and gave the stock a “buy” rating in a research note on Friday, November 2nd. ValuEngine raised Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Finally, Robert W. Baird set a $11.00 target price on Braemar Hotels & Resorts and gave the stock a “hold” rating in a research note on Monday, November 19th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.75.



NYSE BHR traded up $0.13 during trading hours on Monday, hitting $11.80. 152,590 shares of the company’s stock were exchanged, compared to its average volume of 158,739. Braemar Hotels & Resorts has a 1-year low of $8.32 and a 1-year high of $12.10. The stock has a market capitalization of $379.42 million, a P/E ratio of 7.28, a P/E/G ratio of 1.39 and a beta of 0.97. The company has a debt-to-equity ratio of 2.69, a current ratio of 4.17 and a quick ratio of 4.17.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Braemar Hotels & Resorts by 6.3% in the third quarter. Vanguard Group Inc. now owns 3,286,735 shares of the company’s stock valued at $38,685,000 after acquiring an additional 195,469 shares during the period. Vanguard Group Inc grew its stake in Braemar Hotels & Resorts by 6.3% in the third quarter. Vanguard Group Inc now owns 3,286,735 shares of the company’s stock valued at $38,685,000 after acquiring an additional 195,469 shares during the period. BlackRock Inc. grew its stake in Braemar Hotels & Resorts by 4.4% in the fourth quarter. BlackRock Inc. now owns 2,373,342 shares of the company’s stock valued at $21,194,000 after acquiring an additional 100,968 shares during the period. LSV Asset Management boosted its position in shares of Braemar Hotels & Resorts by 8.0% during the fourth quarter. LSV Asset Management now owns 1,152,421 shares of the company’s stock valued at $10,291,000 after buying an additional 85,819 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Braemar Hotels & Resorts during the second quarter valued at approximately $5,455,000. 77.82% of the stock is owned by hedge funds and other institutional investors.

Braemar Hotels & Resorts Company Profile

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).

Further Reading: Mutual Funds

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