BRAEMAR HOTELS & RESORTS (NYSE:BHR) Shares Down 1.3% – Time to Sell?

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) shares fell 1.3% on Wednesday . The company traded as low as $2.92 and last traded at $2.97. 445,941 shares were traded during trading, an increase of 15% from the average session volume of 388,914 shares. The stock had previously closed at $3.01.

Analysts Set New Price Targets

Several brokerages have commented on BHR. Weiss Ratings restated a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Monday, December 29th. Zacks Research lowered BRAEMAR HOTELS & RESORTS from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, BRAEMAR HOTELS & RESORTS presently has an average rating of “Sell”.

BRAEMAR HOTELS & RESORTS Trading Down 1.3%

The stock has a 50-day moving average of $2.83 and a two-hundred day moving average of $2.67. The company has a market cap of $202.61 million, a P/E ratio of -3.41 and a beta of 0.78. 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 (NYSE:BHR) last released its earnings results on Tuesday, November 4th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). The company had revenue of $143.56 million during the quarter, compared to analysts’ expectations of $142.62 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 3.27% and a negative net margin of 1.04%. On average, equities research analysts predict that BRAEMAR HOTELS & RESORTS INC. will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of BRAEMAR HOTELS & RESORTS by 0.4% in the third quarter. Vanguard Group Inc. now owns 3,456,675 shares of the company’s stock worth $9,437,000 after buying an additional 13,469 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in BRAEMAR HOTELS & RESORTS by 21.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,390,521 shares of the company’s stock worth $3,796,000 after acquiring an additional 241,434 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in BRAEMAR HOTELS & RESORTS by 7.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 786,880 shares of the company’s stock valued at $2,148,000 after acquiring an additional 55,673 shares in the last quarter. Finally, Landmark Investment Partners L.P. purchased a new stake in BRAEMAR HOTELS & RESORTS during the 3rd quarter valued at $2,110,000. 64.79% of the stock is owned by hedge funds and other institutional investors.

About BRAEMAR HOTELS & RESORTS

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.