BRAEMAR HOTELS & RESORTS (NYSE:BHR) Stock Price Up 2.2% – Still a Buy?

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) shares traded up 2.2% on Monday . The company traded as high as $2.14 and last traded at $2.1050. 551,330 shares traded hands during trading, a decline of 45% from the average session volume of 998,554 shares. The stock had previously closed at $2.06.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BHR. Weiss Ratings reissued a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Wednesday, June 24th. Robert W. Baird dropped their price target on BRAEMAR HOTELS & RESORTS from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $2.00.

BRAEMAR HOTELS & RESORTS Stock Performance

The firm has a market cap of $144.57 million, a P/E ratio of -2.19 and a beta of 0.79. The company has a debt-to-equity ratio of 7.45, a quick ratio of 1.60 and a current ratio of 1.60. The company’s 50 day moving average is $2.33 and its 200 day moving average is $2.58.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last posted its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.68. The firm had revenue of $208.98 million for the quarter, compared to analysts’ expectations of $201.97 million. BRAEMAR HOTELS & RESORTS had a negative net margin of 2.24% and a negative return on equity of 8.68%. As a group, equities analysts predict that BRAEMAR HOTELS & RESORTS INC. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRAEMAR HOTELS & RESORTS

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Anson Funds Management LP acquired a new stake in BRAEMAR HOTELS & RESORTS during the 4th quarter worth approximately $3,495,000. Landmark Investment Partners L.P. bought a new stake in BRAEMAR HOTELS & RESORTS during the 3rd quarter worth approximately $2,110,000. Arrowstreet Capital Limited Partnership increased its position in BRAEMAR HOTELS & RESORTS by 120.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 822,847 shares of the company’s stock valued at $2,246,000 after acquiring an additional 450,234 shares during the period. Millennium Management LLC increased its position in BRAEMAR HOTELS & RESORTS by 631.7% in the 3rd quarter. Millennium Management LLC now owns 466,672 shares of the company’s stock valued at $1,274,000 after acquiring an additional 402,895 shares during the period. Finally, Penn Capital Management Company LLC bought a new position in shares of BRAEMAR HOTELS & RESORTS during the third quarter valued at $804,000. 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.