BRAEMAR HOTELS & RESORTS (NYSE:BHR) Upgraded at Zacks Research

BRAEMAR HOTELS & RESORTS (NYSE:BHR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

BRAEMAR HOTELS & RESORTS Trading Down 3.3%

NYSE BHR opened at $3.04 on Tuesday. The company has a debt-to-equity ratio of 5.64, a quick ratio of 1.64 and a current ratio of 1.64. BRAEMAR HOTELS & RESORTS has a one year low of $1.80 and a one year high of $3.28. The company has a 50-day simple moving average of $2.86 and a 200-day simple moving average of $2.69. The firm has a market capitalization of $207.05 million, a PE ratio of -3.49 and a beta of 0.78.

Institutional Trading of BRAEMAR HOTELS & RESORTS

A number of large investors have recently modified their holdings of BHR. Algert Global LLC grew its holdings in shares of BRAEMAR HOTELS & RESORTS by 24.3% in the 3rd quarter. Algert Global LLC now owns 25,746 shares of the company’s stock worth $70,000 after acquiring an additional 5,030 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of BRAEMAR HOTELS & RESORTS by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock valued at $34,000 after purchasing an additional 6,062 shares during the last quarter. Jane Street Group LLC boosted its position in shares of BRAEMAR HOTELS & RESORTS by 7.5% in the 1st quarter. Jane Street Group LLC now owns 99,519 shares of the company’s stock valued at $248,000 after purchasing an additional 6,942 shares during the period. Gamco Investors INC. ET AL increased its stake in BRAEMAR HOTELS & RESORTS by 5.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 165,300 shares of the company’s stock worth $451,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in BRAEMAR HOTELS & RESORTS by 958.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,107 shares of the company’s stock worth $29,000 after purchasing an additional 9,152 shares in the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.

The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.