Braemar Hotels & Resorts (NYSE:BHR) Rating Reiterated by Deutsche Bank

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Deutsche Bank reissued their buy rating on shares of Braemar Hotels & Resorts (NYSE:BHR) in a research note published on Thursday morning, AnalystRatings.com reports. They currently have a $18.00 target price on the stock.

BHR has been the topic of several other research reports. TheStreet cut Braemar Hotels & Resorts from a c- rating to a d+ rating in a research report on Thursday, August 1st. Zacks Investment Research raised Braemar Hotels & Resorts from a strong sell rating to a hold rating in a research report on Wednesday, July 24th. B. Riley set a $13.00 target price on Braemar Hotels & Resorts and gave the company a buy rating in a research report on Wednesday, July 31st. ValuEngine cut Braemar Hotels & Resorts from a hold rating to a sell rating in a research report on Monday, June 24th. Finally, DA Davidson reaffirmed a buy rating on shares of Braemar Hotels & Resorts in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $14.25.

NYSE BHR opened at $9.26 on Thursday. The company has a market cap of $288.23 million, a price-to-earnings ratio of 5.97 and a beta of 1.14. Braemar Hotels & Resorts has a 52 week low of $7.89 and a 52 week high of $14.03. The business has a 50 day moving average price of $9.21 and a 200-day moving average price of $11.35. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 2.99.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.65). The firm had revenue of $118.52 million for the quarter, compared to the consensus estimate of $124.55 million. Braemar Hotels & Resorts had a negative net margin of 4.34% and a negative return on equity of 5.22%. On average, equities research analysts anticipate that Braemar Hotels & Resorts will post 1.27 earnings per share for the current year.

In related news, insider Mark Nunneley bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $8.08 per share, with a total value of $202,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 29,325 shares of company stock worth $240,444. 8.90% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of Braemar Hotels & Resorts by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 486,442 shares of the company’s stock worth $4,344,000 after buying an additional 2,972 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Braemar Hotels & Resorts by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 415,893 shares of the company’s stock worth $3,713,000 after purchasing an additional 23,678 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Braemar Hotels & Resorts during the fourth quarter worth approximately $131,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Braemar Hotels & Resorts by 184.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock worth $97,000 after purchasing an additional 7,014 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Braemar Hotels & Resorts by 26.2% during the fourth quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock worth $48,000 after purchasing an additional 1,112 shares during the period. 73.78% of the stock is currently owned by institutional investors and hedge funds.

Braemar Hotels & Resorts Company 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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