BRAEMAR HOTELS & RESORTS (NYSE:BHR) Posts Quarterly Earnings Results, Misses Estimates By $0.62 EPS

BRAEMAR HOTELS & RESORTS (NYSE:BHR) issued its quarterly earnings data on Thursday. The company reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.62), FiscalAI reports. The business had revenue of $165.56 million for the quarter, compared to analyst estimates of $147.20 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 10.06% and a negative net margin of 3.17%.

BRAEMAR HOTELS & RESORTS Price Performance

Shares of BHR opened at $2.92 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 5.64. The company’s fifty day simple moving average is $2.93 and its 200 day simple moving average is $2.76. BRAEMAR HOTELS & RESORTS has a 1-year low of $1.80 and a 1-year high of $3.28. The company has a market cap of $199.27 million, a price-to-earnings ratio of -2.73 and a beta of 0.78.

Analyst Upgrades and Downgrades

BHR has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Monday, December 29th. Zacks Research raised BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BRAEMAR HOTELS & RESORTS presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Odyssean LLC bought a new stake in BRAEMAR HOTELS & RESORTS in the fourth quarter valued at approximately $104,000. AQR Capital Management LLC increased its holdings in shares of BRAEMAR HOTELS & RESORTS by 45.9% during the 4th quarter. AQR Capital Management LLC now owns 25,342 shares of the company’s stock worth $73,000 after acquiring an additional 7,973 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of BRAEMAR HOTELS & RESORTS by 310.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 56,831 shares of the company’s stock worth $163,000 after acquiring an additional 42,999 shares during the last quarter. Verition Fund Management LLC bought a new stake in BRAEMAR HOTELS & RESORTS in the 3rd quarter valued at $82,000. Finally, Algert Global LLC lifted its holdings in BRAEMAR HOTELS & RESORTS by 24.3% during the 3rd quarter. Algert Global LLC now owns 25,746 shares of the company’s stock valued at $70,000 after purchasing an additional 5,030 shares during the last quarter. Institutional investors own 64.79% of the company’s stock.

BRAEMAR HOTELS & RESORTS Company Profile

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.