Investment Analysts’ Recent Ratings Updates for Braemar Hotels & Resorts (BHR)

Several analysts have recently updated their ratings and price targets for Braemar Hotels & Resorts (NYSE: BHR):

  • 11/6/2019 – Braemar Hotels & Resorts had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $17.00 price target on the stock.
  • 11/1/2019 – Braemar Hotels & Resorts was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/30/2019 – Braemar Hotels & Resorts was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 10/24/2019 – Braemar Hotels & Resorts had its price target lowered by analysts at Deutsche Bank AG from $18.00 to $17.00. They now have a “buy” rating on the stock.
  • 10/9/2019 – Braemar Hotels & Resorts was upgraded by analysts at B. Riley to a “buy” rating. They now have a $13.00 price target on the stock.
  • 10/7/2019 – Braemar Hotels & Resorts was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. 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. “
  • 10/2/2019 – Braemar Hotels & Resorts was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Braemar Hotels & Resorts stock opened at $9.10 on Thursday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.16. The firm has a 50-day moving average price of $9.29 and a two-hundred day moving average price of $9.97. The firm has a market capitalization of $303.86 million, a price-to-earnings ratio of 5.87 and a beta of 1.12. Braemar Hotels & Resorts has a 52-week low of $7.89 and a 52-week high of $14.03.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.20). The company had revenue of $118.88 million during the quarter, compared to analyst estimates of $116.33 million. Braemar Hotels & Resorts had a negative return on equity of 7.26% and a negative net margin of 5.86%. Research analysts expect that Braemar Hotels & Resorts will post 1.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date of this dividend was Friday, September 27th. Braemar Hotels & Resorts’s dividend payout ratio is currently 41.29%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BHR. Nisa Investment Advisors LLC raised its holdings in shares of Braemar Hotels & Resorts by 84.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock worth $28,000 after purchasing an additional 1,282 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Braemar Hotels & Resorts by 39.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock worth $64,000 after purchasing an additional 1,811 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Braemar Hotels & Resorts in the 2nd quarter worth approximately $105,000. State of Alaska Department of Revenue raised its holdings in shares of Braemar Hotels & Resorts by 21.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,629 shares of the company’s stock worth $114,000 after purchasing an additional 2,028 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Braemar Hotels & Resorts in the 2nd quarter worth approximately $136,000. Institutional investors and hedge funds own 73.90% of the company’s stock.

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).

Featured Article: How does a reverse stock split work?

Receive News & Ratings for Braemar Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braemar Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.