BRAEMAR HOTELS & RESORTS (NYSE:BHR) Posts Earnings Results

BRAEMAR HOTELS & RESORTS (NYSE:BHR) posted its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.43, FiscalAI reports. The business had revenue of $171.03 million during the quarter, compared to analysts’ expectations of $166.22 million. BRAEMAR HOTELS & RESORTS had a negative net margin of 2.24% and a negative return on equity of 8.68%.

BRAEMAR HOTELS & RESORTS Price Performance

NYSE:BHR opened at $2.06 on Thursday. BRAEMAR HOTELS & RESORTS has a one year low of $1.88 and a one year high of $3.19. The company has a debt-to-equity ratio of 7.45, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $141.82 million, a price-to-earnings ratio of -2.15 and a beta of 0.80. The firm’s fifty day moving average is $2.21 and its two-hundred day moving average is $2.49.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

Institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC grew its holdings in BRAEMAR HOTELS & RESORTS by 42.7% during the fourth quarter. Corient Private Wealth LLC now owns 51,490 shares of the company’s stock worth $148,000 after acquiring an additional 15,395 shares during the period. Odyssean LLC purchased a new position in BRAEMAR HOTELS & RESORTS during the fourth quarter valued at approximately $104,000. AQR Capital Management LLC raised its position in BRAEMAR HOTELS & RESORTS by 45.9% during the fourth quarter. AQR Capital Management LLC now owns 25,342 shares of the company’s stock valued at $73,000 after acquiring an additional 7,973 shares in the last quarter. Verition Fund Management LLC acquired a new position in BRAEMAR HOTELS & RESORTS in the third quarter valued at approximately $82,000. Finally, Algert Global LLC lifted its holdings in BRAEMAR HOTELS & RESORTS by 24.3% in the third quarter. Algert Global LLC now owns 25,746 shares of the company’s stock valued at $70,000 after acquiring an additional 5,030 shares during the period. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Wall Street Analyst Weigh In

BHR has been the topic of several research reports. Weiss Ratings downgraded BRAEMAR HOTELS & RESORTS from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Robert W. Baird boosted their price target on BRAEMAR HOTELS & RESORTS from $2.00 to $2.50 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen raised BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two equities 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.com, BRAEMAR HOTELS & RESORTS currently has a consensus rating of “Reduce” and a consensus target price of $2.50.

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.