Braemar Hotels & Resorts (BHR) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a buy rating to a hold rating in a research report released on Thursday morning, 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 analysts have also weighed in on BHR. ValuEngine upgraded Braemar Hotels & Resorts from a sell rating to a hold rating in a research note on Wednesday, January 16th. Deutsche Bank lifted their price target on Braemar Hotels & Resorts from $17.00 to $19.00 and gave the company a buy rating in a research note on Friday, March 1st. Finally, B. Riley lowered Braemar Hotels & Resorts from a buy rating to a neutral rating and set a $14.00 price target for the company. in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Braemar Hotels & Resorts currently has a consensus rating of Buy and an average target price of $14.75.

NYSE BHR opened at $12.58 on Thursday. The stock has a market cap of $413.67 million, a price-to-earnings ratio of 8.12 and a beta of 1.08. Braemar Hotels & Resorts has a fifty-two week low of $8.32 and a fifty-two week high of $14.03. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 2.96.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $128.51 million for the quarter, compared to analysts’ expectations of $120.97 million. Analysts forecast that Braemar Hotels & Resorts will post 1.36 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its stake in shares of Braemar Hotels & Resorts by 26.2% in the 4th quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock valued at $48,000 after purchasing an additional 1,112 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Braemar Hotels & Resorts by 184.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock valued at $97,000 after purchasing an additional 7,014 shares in the last quarter. Symons Capital Management Inc. purchased a new position in shares of Braemar Hotels & Resorts in the 4th quarter valued at about $103,000. Principal Financial Group Inc. purchased a new position in shares of Braemar Hotels & Resorts in the 4th quarter valued at about $131,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Braemar Hotels & Resorts by 9.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,241 shares of the company’s stock valued at $137,000 after purchasing an additional 987 shares in the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.

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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