Braemar Hotels & Resorts’ (BHR) Buy Rating Reiterated at DA Davidson

DA Davidson reiterated their buy rating on shares of Braemar Hotels & Resorts (NYSE:BHR) in a research report released on Monday, Zacks.com reports.

Several other equities analysts have also weighed in on BHR. B. Riley set a $13.00 target price on shares of Braemar Hotels & Resorts and gave the company a buy rating in a report on Wednesday. Zacks Investment Research upgraded shares of Braemar Hotels & Resorts from a strong sell rating to a hold rating in a report on Wednesday, July 24th. Finally, ValuEngine lowered shares of Braemar Hotels & Resorts from a hold rating to a sell rating in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Braemar Hotels & Resorts currently has a consensus rating of Hold and an average price target of $14.50.

NYSE BHR traded down $0.24 during trading hours on Monday, hitting $8.50. 162,153 shares of the company’s stock traded hands, compared to its average volume of 210,850. Braemar Hotels & Resorts has a 52-week low of $8.32 and a 52-week high of $14.03. The company has a market cap of $305.15 million, a P/E ratio of 5.48 and a beta of 1.15. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 2.96. The company’s 50-day moving average is $9.55.

Braemar Hotels & Resorts (NYSE:BHR) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.65). 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 $118.52 million for the quarter, compared to analysts’ expectations of $124.55 million. On average, equities research analysts predict that Braemar Hotels & Resorts will post 1.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 7.53%. The ex-dividend date of this dividend was Thursday, June 27th. Braemar Hotels & Resorts’s payout ratio is currently 41.29%.

A number of institutional investors and hedge funds have recently made changes to their positions in BHR. Nisa Investment Advisors LLC lifted its position in Braemar Hotels & Resorts by 84.3% in the second quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock worth $28,000 after purchasing an additional 1,282 shares during the period. Legal & General Group Plc increased its stake in shares of Braemar Hotels & Resorts by 26.2% in the fourth quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock valued at $48,000 after buying 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 fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock valued at $97,000 after buying an additional 7,014 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Braemar Hotels & Resorts by 21.1% in the second quarter. State of Alaska Department of Revenue now owns 11,629 shares of the company’s stock valued at $114,000 after buying an additional 2,028 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Braemar Hotels & Resorts in the fourth quarter valued at $131,000. 74.05% of the stock is currently owned by hedge funds and other institutional investors.

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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