BRAEMAR HOTELS & RESORTS (NYSE:BHR) Stock Price Up 0.3% – What’s Next?

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR)’s stock price shot up 0.3% during mid-day trading on Monday . The company traded as high as $1.81 and last traded at $1.7950. Approximately 495,531 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 421,239 shares. The stock had previously closed at $1.79.

Analyst Upgrades and Downgrades

BHR has been the subject of a number of analyst reports. Robert W. Baird increased their target price on shares of BRAEMAR HOTELS & RESORTS from $2.00 to $2.50 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Weiss Ratings cut BRAEMAR HOTELS & RESORTS from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BRAEMAR HOTELS & RESORTS has a consensus rating of “Reduce” and an average price target of $2.50.

BRAEMAR HOTELS & RESORTS Stock Down 3.0%

The stock has a market cap of $121.22 million, a PE ratio of -2.42 and a beta of 0.79. The business has a 50 day moving average price of $2.03 and a 200 day moving average price of $2.25. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.03.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.43. BRAEMAR HOTELS & RESORTS had a negative return on equity of 1.92% and a negative net margin of 0.45%.The company had revenue of $171.03 million during the quarter, compared to analysts’ expectations of $166.22 million. Equities research analysts expect that BRAEMAR HOTELS & RESORTS INC. will post 0.13 EPS for the current fiscal year.

Institutional Trading of BRAEMAR HOTELS & RESORTS

A number of hedge funds have recently added to or reduced their stakes in BHR. Kathmere Capital Management LLC lifted its holdings in shares of BRAEMAR HOTELS & RESORTS by 55.0% in the 1st quarter. Kathmere Capital Management LLC now owns 15,745 shares of the company’s stock worth $37,000 after acquiring an additional 5,589 shares during the last quarter. Ritholtz Wealth Management increased its holdings in BRAEMAR HOTELS & RESORTS by 12.1% in the 1st quarter. Ritholtz Wealth Management now owns 152,331 shares of the company’s stock valued at $360,000 after purchasing an additional 16,500 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in BRAEMAR HOTELS & RESORTS in the second quarter valued at approximately $46,000. Ieq Capital LLC purchased a new stake in BRAEMAR HOTELS & RESORTS in the second quarter valued at approximately $54,000. Finally, Public Employees Retirement System of Ohio lifted its stake in BRAEMAR HOTELS & RESORTS by 79.9% during the first quarter. Public Employees Retirement System of Ohio now owns 102,245 shares of the company’s stock worth $241,000 after purchasing an additional 45,414 shares in the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts Inc is a real estate investment trust (REIT) that owns and invests in luxury and upscale hotels and resorts. Its portfolio includes full-service properties in urban and resort destinations, with an emphasis on high-quality lodging assets that cater to business and leisure travelers.

The company’s properties operate under a range of hotel brands and independent identities and offer services such as guest accommodations, restaurants and bars, meeting and event facilities, spas, and other resort amenities.