ValuEngine upgraded shares of Braemar Hotel & Resorts (NYSE:BHR) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Several other equities research analysts also recently issued reports on the company. B. Riley increased their target price on Braemar Hotel & Resorts from $13.00 to $14.00 and gave the stock a buy rating in a research report on Monday, August 6th. Deutsche Bank set a $15.00 target price on Braemar Hotel & Resorts and gave the stock a buy rating in a research report on Monday, August 6th. Finally, Zacks Investment Research downgraded Braemar Hotel & Resorts from a strong-buy rating to a hold rating in a research report on Wednesday, July 11th.

NYSE:BHR opened at $11.26 on Friday. The firm has a market cap of $388.40 million, a price-to-earnings ratio of 7.20 and a beta of 0.81. Braemar Hotel & Resorts has a 1 year low of $8.44 and a 1 year high of $12.10. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 2.61.

Braemar Hotel & Resorts (NYSE:BHR) last posted its earnings results on Wednesday, August 1st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.09. The firm had revenue of $121.12 million for the quarter, compared to the consensus estimate of $120.22 million. Braemar Hotel & Resorts had a return on equity of 10.61% and a net margin of 9.30%. analysts predict that Braemar Hotel & Resorts will post 1.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 5.68%. Braemar Hotel & Resorts’s dividend payout ratio is currently 39.51%.

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Braemar Hotel & Resorts in the second quarter worth $25,787,000. LSV Asset Management purchased a new stake in shares of Braemar Hotel & Resorts in the second quarter worth $12,263,000. Renaissance Technologies LLC purchased a new stake in shares of Braemar Hotel & Resorts in the second quarter worth $6,462,000. Millennium Management LLC purchased a new stake in shares of Braemar Hotel & Resorts in the second quarter worth $5,939,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Braemar Hotel & Resorts in the second quarter worth $5,455,000. Hedge funds and other institutional investors own 73.81% of the company’s stock.

About Braemar Hotel & Resorts

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).

Further Reading: Understanding Analyst Recommendations

To view ValuEngine’s full report, visit ValuEngine’s official website.

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