Braemar Hotels & Resorts (NYSE:BHR) Receives $14.67 Consensus Price Target from Brokerages

Shares of Braemar Hotels & Resorts (NYSE:BHR) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $14.67.

A number of brokerages have commented on BHR. Zacks Investment Research raised Braemar Hotels & Resorts from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Friday, March 8th. ValuEngine raised Braemar Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd. Deutsche Bank upped their price target on Braemar Hotels & Resorts from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, B. Riley cut Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research note on Wednesday, May 1st.

BHR traded down $0.29 during trading hours on Friday, hitting $10.08. The stock had a trading volume of 145,000 shares, compared to its average volume of 208,733. Braemar Hotels & Resorts has a 1 year low of $8.32 and a 1 year high of $14.03. The company has a debt-to-equity ratio of 2.96, a quick ratio of 2.75 and a current ratio of 2.75. The firm has a market cap of $334.42 million, a P/E ratio of 6.50 and a beta of 1.25.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.49). The business had revenue of $128.51 million for the quarter, compared to the consensus estimate of $120.97 million. Braemar Hotels & Resorts had a negative net margin of 0.80% and a negative return on equity of 0.97%. As a group, research analysts predict that Braemar Hotels & Resorts will post 1.34 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Martingale Asset Management L P boosted its holdings in Braemar Hotels & Resorts by 15.4% in the first quarter. Martingale Asset Management L P now owns 172,100 shares of the company’s stock worth $2,103,000 after acquiring an additional 23,000 shares in the last quarter. Hancock Whitney Corp bought a new stake in Braemar Hotels & Resorts in the fourth quarter worth $145,000. Mackay Shields LLC boosted its holdings in Braemar Hotels & Resorts by 10.6% in the fourth quarter. Mackay Shields LLC now owns 110,693 shares of the company’s stock worth $989,000 after acquiring an additional 10,593 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Braemar Hotels & Resorts by 8.0% during the fourth quarter. LSV Asset Management now owns 1,152,421 shares of the company’s stock valued at $10,291,000 after purchasing an additional 85,819 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of Braemar Hotels & Resorts during the fourth quarter valued at $268,000. 74.52% 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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