Braemar Hotels & Resorts (NYSE:BHR) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.67.

A number of equities research analysts recently commented on BHR shares. Zacks Investment Research cut shares of Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine cut shares of Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, B. Riley lowered shares of Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research note on Wednesday, May 1st.

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its stake in Braemar Hotels & Resorts by 26.2% in the 4th quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock valued at $48,000 after buying an additional 1,112 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Braemar Hotels & Resorts by 184.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock valued at $97,000 after buying an additional 7,014 shares in the last quarter. Symons Capital Management Inc. purchased a new position in Braemar Hotels & Resorts in the 4th quarter valued at approximately $103,000. Principal Financial Group Inc. purchased a new position in Braemar Hotels & Resorts in the 4th quarter valued at approximately $131,000. Finally, The Manufacturers Life Insurance Company grew its stake in Braemar Hotels & Resorts by 9.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,241 shares of the company’s stock valued at $137,000 after buying an additional 987 shares in the last quarter. Institutional investors and hedge funds own 77.71% of the company’s stock.

Shares of NYSE:BHR traded down $0.37 during mid-day trading on Monday, reaching $12.58. The company had a trading volume of 92,169 shares, compared to its average volume of 152,314. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 2.96. The stock has a market capitalization of $425.84 million, a PE ratio of 8.12 and a beta of 1.08. Braemar Hotels & Resorts has a one year low of $8.32 and a one year high of $14.03.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.49). The company had revenue of $128.51 million during the quarter, compared to the consensus estimate of $120.97 million. Braemar Hotels & Resorts had a negative return on equity of 0.97% and a negative net margin of 0.80%. Research analysts predict that Braemar Hotels & Resorts will post 1.36 earnings per share for the current year.

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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