BRAEMAR HOTELS & RESORTS (NYSE:BHR) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of BRAEMAR HOTELS & RESORTS (NYSE:BHR) from a hold rating to a sell rating in a report published on Saturday morning.

Other equities research analysts have also issued research reports about the stock. Zacks Research raised shares of BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

BRAEMAR HOTELS & RESORTS Stock Performance

Shares of BHR opened at $2.41 on Friday. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.64 and a quick ratio of 1.64. BRAEMAR HOTELS & RESORTS has a one year low of $1.80 and a one year high of $3.19. The firm has a market capitalization of $165.66 million, a P/E ratio of -2.25 and a beta of 0.71. The business has a fifty day moving average of $2.88 and a 200 day moving average of $2.80.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.62). BRAEMAR HOTELS & RESORTS had a negative net margin of 3.17% and a negative return on equity of 13.42%. The firm had revenue of $165.56 million for the quarter, compared to analysts’ expectations of $147.20 million. As a group, sell-side analysts anticipate that BRAEMAR HOTELS & RESORTS will post 0.31 EPS for the current year.

Institutional Trading of BRAEMAR HOTELS & RESORTS

Several hedge funds have recently bought and sold shares of BHR. Harbor Capital Advisors Inc. raised its stake in shares of BRAEMAR HOTELS & RESORTS by 958.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 10,107 shares of the company’s stock worth $29,000 after buying an additional 9,152 shares during the period. Kathmere Capital Management LLC purchased a new position in shares of BRAEMAR HOTELS & RESORTS during the 4th quarter valued at about $29,000. Quadrature Capital Ltd bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 4th quarter valued at approximately $30,000. Strs Ohio bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 1st quarter valued at approximately $32,000. Finally, BNP Paribas Financial Markets increased its holdings in BRAEMAR HOTELS & RESORTS by 94.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock worth $34,000 after acquiring an additional 6,062 shares in the last quarter. Institutional investors 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.