BRAEMAR HOTELS & RESORTS (NYSE:BHR) Stock Price Down 2.6% – Should You Sell?

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) shares dropped 2.6% during trading on Monday . The company traded as low as $2.03 and last traded at $2.0250. 515,784 shares were traded during mid-day trading, a decline of 2% from the average session volume of 526,414 shares. The stock had previously closed at $2.08.

Analyst Ratings Changes

BHR has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Friday, March 27th. Robert W. Baird cut their price target on BRAEMAR HOTELS & RESORTS from $3.50 to $2.00 and set a “neutral” rating on the stock in a report on Monday, June 15th. Finally, Wall Street Zen raised BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $2.00.

BRAEMAR HOTELS & RESORTS Price Performance

The stock’s 50-day moving average is $2.43 and its 200 day moving average is $2.64. 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 stock has a market capitalization of $138.39 million, a PE ratio of -2.10 and a beta of 0.77.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.68. BRAEMAR HOTELS & RESORTS had a negative net margin of 2.24% and a negative return on equity of 8.68%. The firm had revenue of $208.98 million during the quarter, compared to analysts’ expectations of $201.97 million. As a group, equities analysts expect that BRAEMAR HOTELS & RESORTS INC. will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BHR. Anson Funds Management LP lifted its stake in BRAEMAR HOTELS & RESORTS by 48.5% in the first quarter. Anson Funds Management LP now owns 1,808,219 shares of the company’s stock valued at $4,267,000 after buying an additional 590,316 shares during the last quarter. Rangeley Capital LLC grew its position in shares of BRAEMAR HOTELS & RESORTS by 143.6% during the first quarter. Rangeley Capital LLC now owns 222,000 shares of the company’s stock worth $524,000 after acquiring an additional 130,860 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of BRAEMAR HOTELS & RESORTS by 79.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 102,245 shares of the company’s stock valued at $241,000 after acquiring an additional 45,414 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of BRAEMAR HOTELS & RESORTS by 8.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,050,262 shares of the company’s stock valued at $2,479,000 after acquiring an additional 78,853 shares during the period. Finally, Sei Investments Co. raised its position in BRAEMAR HOTELS & RESORTS by 156.3% in the 1st quarter. Sei Investments Co. now owns 464,867 shares of the company’s stock valued at $1,097,000 after purchasing an additional 283,476 shares during the last quarter. Hedge funds and other 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.