Zacks Investment Research downgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a buy rating to a hold rating in a research report released on Tuesday.

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. “

A number of other analysts have also issued reports on BHR. ValuEngine lowered shares of Braemar Hotels & Resorts from a buy rating to a hold rating in a research note on Friday, March 1st. Deutsche Bank boosted their price target on shares of Braemar Hotels & Resorts from $17.00 to $19.00 and gave the stock a buy rating in a research note on Friday, March 1st. DA Davidson assumed coverage on shares of Braemar Hotels & Resorts in a research note on Friday, December 14th. They set a buy rating on the stock. Finally, Robert W. Baird set a $11.00 price target on shares of Braemar Hotels & Resorts and gave the stock a hold rating in a research note on Monday, November 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $14.50.

Shares of BHR opened at $11.52 on Tuesday. The stock has a market capitalization of $379.86 million, a P/E ratio of 6.96, a P/E/G ratio of 1.37 and a beta of 1.04. Braemar Hotels & Resorts has a 12-month low of $8.32 and a 12-month high of $13.74. The company has a debt-to-equity ratio of 2.54, a quick ratio of 4.17 and a current ratio of 4.49.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings data on Wednesday, February 27th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.19). Braemar Hotels & Resorts had a net margin of 0.31% and a return on equity of 0.35%. Analysts expect that Braemar Hotels & Resorts will post 1.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.64 dividend on an annualized basis and a yield of 5.56%.

Large investors have recently modified their holdings of the business. Legal & General Group Plc increased its stake in Braemar Hotels & Resorts by 26.2% during the fourth quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock worth $48,000 after purchasing an additional 1,112 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Braemar Hotels & Resorts by 184.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock worth $97,000 after purchasing an additional 7,014 shares during the period. Symons Capital Management Inc. purchased a new stake in Braemar Hotels & Resorts during the fourth quarter worth about $103,000. Principal Financial Group Inc. purchased a new stake in Braemar Hotels & Resorts during the fourth quarter worth about $131,000. Finally, Hancock Whitney Corp purchased a new stake in Braemar Hotels & Resorts during the fourth quarter worth about $145,000. Institutional investors own 76.70% of the company’s stock.

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).

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