Arrow Investment Advisors LLC Takes Position in Braemar Hotel & Resorts Inc (BHR)

Arrow Investment Advisors LLC purchased a new stake in Braemar Hotel & Resorts Inc (NYSE:BHR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,580 shares of the company’s stock, valued at approximately $543,000. Arrow Investment Advisors LLC owned about 0.15% of Braemar Hotel & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Arbitrage SA acquired a new stake in shares of Braemar Hotel & Resorts during the 2nd quarter worth approximately $105,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Braemar Hotel & Resorts during the 2nd quarter worth approximately $228,000. Spirit of America Management Corp NY acquired a new stake in shares of Braemar Hotel & Resorts during the 2nd quarter worth approximately $267,000. IndexIQ Advisors LLC acquired a new stake in Braemar Hotel & Resorts in the 2nd quarter valued at approximately $317,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Braemar Hotel & Resorts in the 2nd quarter valued at approximately $328,000. 73.87% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on BHR shares. ValuEngine cut Braemar Hotel & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, June 11th. Zacks Investment Research lowered Braemar Hotel & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Deutsche Bank set a $15.00 price target on Braemar Hotel & Resorts and gave the company a “buy” rating in a research note on Monday, August 6th. Finally, B. Riley increased their price target on Braemar Hotel & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, August 6th.

NYSE BHR traded up $0.07 on Friday, reaching $11.55. 252,700 shares of the stock traded hands, compared to its average volume of 230,555. The firm has a market cap of $365.32 million, a P/E ratio of 7.15 and a beta of 0.81. The company has a debt-to-equity ratio of 2.61, a quick ratio of 4.62 and a current ratio of 4.62. Braemar Hotel & Resorts Inc has a 12 month low of $8.44 and a 12 month high of $12.10.

Braemar Hotel & Resorts (NYSE:BHR) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.09. The business had revenue of $121.12 million during the quarter, compared to analyst estimates of $120.22 million. Braemar Hotel & Resorts had a return on equity of 10.61% and a net margin of 9.30%. research analysts predict that Braemar Hotel & Resorts Inc will post 1.5 earnings per share for the current fiscal year.

Braemar Hotel & Resorts 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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Institutional Ownership by Quarter for Braemar Hotel & Resorts (NYSE:BHR)

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