BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) Short Interest Up 23.4% in February

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,351,334 shares, an increase of 23.4% from the January 29th total of 1,095,036 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average daily volume of 381,281 shares, the short-interest ratio is currently 3.5 days. Based on an average daily volume of 381,281 shares, the short-interest ratio is currently 3.5 days. Currently, 2.2% of the company’s stock are sold short.

BRAEMAR HOTELS & RESORTS Stock Performance

NYSE:BHR traded down $0.05 during mid-day trading on Tuesday, hitting $2.77. The company’s stock had a trading volume of 585,753 shares, compared to its average volume of 395,682. The business’s fifty day moving average is $2.93 and its two-hundred day moving average is $2.77. The stock has a market cap of $188.97 million, a price-to-earnings ratio of -2.59 and a beta of 0.71. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.64 and a quick ratio of 1.64. BRAEMAR HOTELS & RESORTS has a 1 year low of $1.80 and a 1 year high of $3.28.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.62). The company had revenue of $165.56 million during the quarter, compared to analyst estimates of $147.20 million. BRAEMAR HOTELS & RESORTS had a negative net margin of 3.17% and a negative return on equity of 10.06%. Analysts anticipate that BRAEMAR HOTELS & RESORTS will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

Large investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in shares of BRAEMAR HOTELS & RESORTS in the 2nd quarter valued at about $1,256,000. Los Angeles Capital Management LLC acquired a new stake in BRAEMAR HOTELS & RESORTS in the second quarter valued at approximately $59,000. Algert Global LLC grew 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 purchasing an additional 5,030 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of BRAEMAR HOTELS & RESORTS in the third quarter valued at approximately $93,000. Finally, Landmark Investment Partners L.P. acquired a new position in shares of BRAEMAR HOTELS & RESORTS during the 3rd quarter worth approximately $2,110,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Monday, December 29th. Zacks Research upgraded shares of BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.