Zacks: Analysts Expect Braemar Hotels & Resorts (BHR) to Post $0.13 Earnings Per Share

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Wall Street brokerages expect Braemar Hotels & Resorts (NYSE:BHR) to post earnings of $0.13 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Braemar Hotels & Resorts’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.20. Braemar Hotels & Resorts reported earnings per share of $0.31 in the same quarter last year, which suggests a negative year-over-year growth rate of 58.1%. The business is scheduled to report its next quarterly earnings results before the market opens on Wednesday, February 27th.

On average, analysts expect that Braemar Hotels & Resorts will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.54. For the next fiscal year, analysts expect that the company will post earnings of $1.45 per share, with EPS estimates ranging from $1.39 to $1.52. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Braemar Hotels & Resorts.

A number of research analysts recently commented on BHR shares. DA Davidson started coverage on Braemar Hotels & Resorts in a report on Friday, December 14th. They issued a “buy” rating on the stock. Deutsche Bank set a $17.00 price objective on Braemar Hotels & Resorts and gave the company a “buy” rating in a report on Sunday, December 9th. B. Riley set a $14.00 price objective on Braemar Hotels & Resorts and gave the company a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research upgraded Braemar Hotels & Resorts from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Thursday, January 3rd. Finally, ValuEngine upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $13.75.

BHR opened at $11.89 on Friday. Braemar Hotels & Resorts has a one year low of $8.32 and a one year high of $12.10. The company has a market capitalization of $386.57 million, a P/E ratio of 7.34, a price-to-earnings-growth ratio of 1.41 and a beta of 0.97. The company has a debt-to-equity ratio of 2.69, a quick ratio of 4.17 and a current ratio of 4.17.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc raised its position in 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 purchasing an additional 1,112 shares during the period. Martingale Asset Management L P raised its position in Braemar Hotels & Resorts by 0.9% in the fourth quarter. Martingale Asset Management L P now owns 149,100 shares of the company’s stock valued at $1,332,000 after purchasing an additional 1,396 shares during the period. California Public Employees Retirement System raised its position in Braemar Hotels & Resorts by 3.2% in the fourth quarter. California Public Employees Retirement System now owns 90,478 shares of the company’s stock valued at $808,000 after purchasing an additional 2,797 shares during the period. Strs Ohio raised its position in Braemar Hotels & Resorts by 5.8% in the fourth quarter. Strs Ohio now owns 51,299 shares of the company’s stock valued at $458,000 after purchasing an additional 2,809 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Braemar Hotels & Resorts by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 486,442 shares of the company’s stock valued at $4,344,000 after purchasing an additional 2,972 shares during the period. 77.82% of the stock is currently owned by 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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