BRAEMAR HOTELS & RESORTS (NYSE:BHR) Stock Price Down 2.6% – Here’s What Happened

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR)’s share price fell 2.6% on Monday . The stock traded as low as $2.03 and last traded at $2.0250. 515,784 shares were traded during trading, a decline of 2% from the average session volume of 526,414 shares. The stock had previously closed at $2.08.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BHR shares. Robert W. Baird lowered their target price on shares of BRAEMAR HOTELS & RESORTS from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Wall Street Zen raised shares of BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Friday, March 27th. Two research analysts have 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” and an average price target of $2.00.

BRAEMAR HOTELS & RESORTS Price Performance

The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 7.45. The firm has a market cap of $139.08 million, a P/E ratio of -2.11 and a beta of 0.77. The company has a fifty day moving average price of $2.44 and a two-hundred day moving average price of $2.64.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.68. BRAEMAR HOTELS & RESORTS had a negative return on equity of 8.68% and a negative net margin of 2.24%.The business had revenue of $208.98 million during the quarter, compared to analyst estimates of $201.97 million. Equities analysts anticipate that BRAEMAR HOTELS & RESORTS INC. will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Anson Funds Management LP bought a new stake in BRAEMAR HOTELS & RESORTS in the 4th quarter valued at $3,495,000. Landmark Investment Partners L.P. bought a new position in BRAEMAR HOTELS & RESORTS during the 3rd quarter worth about $2,110,000. Arrowstreet Capital Limited Partnership raised its stake in shares of BRAEMAR HOTELS & RESORTS by 120.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 822,847 shares of the company’s stock valued at $2,246,000 after purchasing an additional 450,234 shares during the period. Millennium Management LLC lifted its holdings in shares of BRAEMAR HOTELS & RESORTS by 631.7% in the third quarter. Millennium Management LLC now owns 466,672 shares of the company’s stock valued at $1,274,000 after purchasing an additional 402,895 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new stake in shares of BRAEMAR HOTELS & RESORTS in the third quarter valued at about $804,000. Institutional investors and hedge funds 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.