BRAEMAR HOTELS & RESORTS (NYSE:BHR) Stock Price Target Lowered at Robert W. Baird

BRAEMAR HOTELS & RESORTS (NYSE:BHR) had its price target cut by Robert W. Baird from $2.50 to $2.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Separately, Weiss Ratings cut shares of 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 given a Sell rating to the stock. According to data from MarketBeat, BRAEMAR HOTELS & RESORTS has a consensus rating of “Reduce” and a consensus target price of $2.00.

BRAEMAR HOTELS & RESORTS Stock Up 2.9%

Shares of NYSE:BHR opened at $1.25 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.03. The business has a fifty day moving average of $1.86 and a two-hundred day moving average of $2.16. The stock has a market cap of $85.51 million, a P/E ratio of -1.71 and a beta of 0.82. BRAEMAR HOTELS & RESORTS has a 52-week low of $1.18 and a 52-week high of $3.19.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last issued its earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $171.03 million during the quarter, compared to the consensus estimate of $166.22 million. On average, research analysts expect that BRAEMAR HOTELS & RESORTS will post 0.13 earnings per share for the current year.

Institutional Trading of BRAEMAR HOTELS & RESORTS

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kathmere Capital Management LLC grew its position in BRAEMAR HOTELS & RESORTS by 55.0% in the first 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 period. The Manufacturers Life Insurance Company acquired a new stake in BRAEMAR HOTELS & RESORTS during the second quarter worth $46,000. Ieq Capital LLC acquired a new stake in BRAEMAR HOTELS & RESORTS during the second quarter worth $54,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in BRAEMAR HOTELS & RESORTS in the second quarter valued at $98,000. Finally, Deutsche Bank AG purchased a new stake in BRAEMAR HOTELS & RESORTS in the second quarter valued at $104,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

About BRAEMAR HOTELS & RESORTS

Braemar Hotels & Resorts, Inc is a real estate investment trust focused on owning and investing in luxury hotels and high-end resorts. The company’s portfolio is concentrated in upper-upscale and luxury properties located in destination and gateway markets across the United States.

Braemar’s properties typically operate under established hotel brands or as independent luxury accommodations. Its offerings include guest rooms and suites, restaurants and bars, meeting and event facilities, spas, and other resort amenities.