Q1 2021 EPS Estimates for Braemar Hotels & Resorts (NYSE:BHR) Decreased by B. Riley

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Braemar Hotels & Resorts (NYSE:BHR) – Research analysts at B. Riley dropped their Q1 2021 EPS estimates for shares of Braemar Hotels & Resorts in a report issued on Tuesday, March 24th. B. Riley analyst B. Maher now expects that the company will post earnings per share of $0.42 for the quarter, down from their prior estimate of $0.44. B. Riley currently has a “Buy” rating and a $7.00 target price on the stock.

Several other research analysts have also recently issued reports on the stock. DA Davidson cut shares of Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating in a report on Tuesday, March 10th. ValuEngine lowered shares of Braemar Hotels & Resorts from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Finally, Zacks Investment Research raised shares of Braemar Hotels & Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.33.

NYSE BHR opened at $2.22 on Thursday. Braemar Hotels & Resorts has a 52 week low of $1.14 and a 52 week high of $14.03. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.11. The stock has a market cap of $63.79 million, a price-to-earnings ratio of -6.53 and a beta of 1.18. The company has a 50-day moving average price of $5.89 and a two-hundred day moving average price of $8.38.

Braemar Hotels & Resorts (NYSE:BHR) last posted its earnings results on Wednesday, February 26th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.21 by $0.15. Braemar Hotels & Resorts had a net margin of 0.08% and a return on equity of 0.10%. The firm had revenue of $121.70 million during the quarter, compared to analysts’ expectations of $116.92 million.

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC acquired a new stake in Braemar Hotels & Resorts during the fourth quarter valued at approximately $27,000. Nisa Investment Advisors LLC lifted its stake in Braemar Hotels & Resorts by 36.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,716 shares of the company’s stock valued at $51,000 after purchasing an additional 1,530 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Braemar Hotels & Resorts by 246.2% during the fourth quarter. State of Alaska Department of Revenue now owns 8,499 shares of the company’s stock valued at $75,000 after purchasing an additional 6,044 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Braemar Hotels & Resorts during the fourth quarter valued at approximately $87,000. Finally, SG Americas Securities LLC acquired a new stake in Braemar Hotels & Resorts during the fourth quarter valued at approximately $94,000. 71.32% of the stock is 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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Earnings History and Estimates for Braemar Hotels & Resorts (NYSE:BHR)

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