Braemar Hotels & Resorts (NYSE:BHR) Updates Q1 2021 Earnings Guidance

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Braemar Hotels & Resorts (NYSE:BHR) issued an update on its first quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.190-0.210 for the period. The company issued revenue guidance of -.

A number of brokerages have weighed in on BHR. Deutsche Bank Aktiengesellschaft boosted their target price on Braemar Hotels & Resorts from $10.00 to $12.00 and gave the stock a buy rating in a research report on Thursday, March 4th. Robert W. Baird reiterated a hold rating and issued a $8.00 price target on shares of Braemar Hotels & Resorts in a research note on Friday, March 19th. B. Riley raised Braemar Hotels & Resorts from a neutral rating to a buy rating in a report on Monday, April 26th. Finally, Zacks Investment Research raised Braemar Hotels & Resorts from a hold rating to a buy rating and set a $6.75 price objective on the stock in a research note on Thursday, April 29th.

BHR traded down $0.04 during trading hours on Tuesday, reaching $6.86. 57,445 shares of the company’s stock traded hands, compared to its average volume of 559,374. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 4.02. The firm has a 50-day moving average price of $6.24 and a 200 day moving average price of $5.03. Braemar Hotels & Resorts has a 52-week low of $2.01 and a 52-week high of $7.45. The firm has a market capitalization of $282.11 million, a PE ratio of -3.32 and a beta of 3.05.

Braemar Hotels & Resorts (NYSE:BHR) last announced its quarterly earnings data on Wednesday, February 24th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.54). Braemar Hotels & Resorts had a negative net margin of 19.42% and a negative return on equity of 17.78%. Equities analysts predict that Braemar Hotels & Resorts will post -0.91 EPS for the current fiscal year.

In other Braemar Hotels & Resorts news, CEO Richard J. Stockton sold 213,606 shares of the company’s stock in a transaction on Wednesday, March 3rd. The stock was sold at an average price of $6.62, for a total transaction of $1,414,071.72. Also, CFO Deric S. Eubanks sold 75,000 shares of the stock in a transaction on Monday, March 8th. The shares were sold at an average price of $6.90, for a total value of $517,500.00. Following the sale, the chief financial officer now directly owns 82,938 shares in the company, valued at approximately $572,272.20. The disclosure for this sale can be found here. 9.50% of the stock is owned by corporate insiders.

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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