Braemar Hotels & Resorts (NYSE:BHR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Braemar Hotels & Resorts Inc. operates as a real estate investment trust. It focused on investing in luxury hotels and resorts. Braemar Hotels & Resorts Inc., formerly known as Ashford Hospitality Prime is based in Texas, United States. “

Several other equities research analysts have also commented on BHR. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. B. Riley upped their target price on Rogers from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.50.

Shares of NYSE BHR traded down $0.16 during trading on Tuesday, reaching $9.19. The company had a trading volume of 18,296 shares, compared to its average volume of 210,935. The company has a fifty day simple moving average of $10.25. Braemar Hotels & Resorts has a 12 month low of $8.32 and a 12 month high of $14.03. The company has a market cap of $307.46 million, a PE ratio of 5.93 and a beta of 1.15. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 2.96.

Braemar Hotels & Resorts (NYSE:BHR) last announced its earnings results on Wednesday, May 1st. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.49). Braemar Hotels & Resorts had a negative net margin of 0.80% and a negative return on equity of 0.97%. The business had revenue of $128.51 million for the quarter, compared to the consensus estimate of $120.97 million. As a group, sell-side analysts forecast that Braemar Hotels & Resorts will post 1.32 EPS for the current year.

A number of hedge funds have recently bought and sold shares of BHR. JPMorgan Chase & Co. raised its stake in Braemar Hotels & Resorts by 29.7% during the 1st quarter. JPMorgan Chase & Co. now owns 937,553 shares of the company’s stock worth $11,447,000 after buying an additional 214,907 shares during the period. Bank of Montreal Can raised its stake in Braemar Hotels & Resorts by 2,322.6% during the 1st quarter. Bank of Montreal Can now owns 165,755 shares of the company’s stock worth $2,024,000 after buying an additional 158,913 shares during the period. IndexIQ Advisors LLC raised its stake in Braemar Hotels & Resorts by 498.0% during the 1st quarter. IndexIQ Advisors LLC now owns 146,030 shares of the company’s stock worth $1,783,000 after buying an additional 121,611 shares during the period. BlackRock Inc. raised its stake in Braemar Hotels & Resorts by 4.4% during the 4th quarter. BlackRock Inc. now owns 2,373,342 shares of the company’s stock worth $21,194,000 after buying an additional 100,968 shares during the period. Finally, Campbell Capital Management Inc. acquired a new position in Braemar Hotels & Resorts during the 4th quarter worth approximately $825,000. 74.07% of the stock is currently owned by institutional investors and hedge funds.

About Braemar Hotels & 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).

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