BRAEMAR HOTELS & RESORTS (NYSE:BHR) Posts Earnings Results, Beats Expectations By $0.68 EPS

BRAEMAR HOTELS & RESORTS (NYSE:BHR) posted its quarterly earnings data on Wednesday. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.68, Zacks reports. BRAEMAR HOTELS & RESORTS had a negative return on equity of 8.21% and a negative net margin of 2.24%.The company had revenue of $208.98 million during the quarter, compared to analyst estimates of $201.97 million.

BRAEMAR HOTELS & RESORTS Price Performance

NYSE:BHR traded up $0.04 during midday trading on Friday, hitting $2.79. The company had a trading volume of 533,025 shares, compared to its average volume of 363,438. The company has a market capitalization of $191.41 million, a PE ratio of -2.90 and a beta of 0.78. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 7.89. BRAEMAR HOTELS & RESORTS has a 52-week low of $1.96 and a 52-week high of $3.19. The stock’s fifty day moving average price is $2.50 and its 200-day moving average price is $2.70.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen cut BRAEMAR HOTELS & RESORTS from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Zacks Research raised BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Institutional Investors Weigh In On BRAEMAR HOTELS & RESORTS

Several hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 4th quarter valued at about $234,000. Worth Venture Partners LLC purchased a new position in shares of BRAEMAR HOTELS & RESORTS during the 3rd quarter valued at about $211,000. Corient Private Wealth LLC lifted its position in BRAEMAR HOTELS & RESORTS by 42.7% in the 4th quarter. Corient Private Wealth LLC now owns 51,490 shares of the company’s stock worth $148,000 after buying an additional 15,395 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in BRAEMAR HOTELS & RESORTS in the third quarter worth approximately $93,000. Finally, Verition Fund Management LLC purchased a new stake in BRAEMAR HOTELS & RESORTS in the third quarter worth approximately $82,000. Institutional investors 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.