BRAEMAR HOTELS & RESORTS (NYSE:BHR) Posts Earnings Results, Beats Expectations By $0.43 EPS

BRAEMAR HOTELS & RESORTS (NYSE:BHR) issued its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.43, FiscalAI reports. The company had revenue of $171.03 million during the quarter, compared to analysts’ expectations of $166.22 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 8.68% and a negative net margin of 2.24%.

BRAEMAR HOTELS & RESORTS Stock Performance

NYSE BHR traded down $0.03 on Wednesday, hitting $2.06. 507,619 shares of the company’s stock were exchanged, compared to its average volume of 472,339. BRAEMAR HOTELS & RESORTS has a fifty-two week low of $1.88 and a fifty-two week high of $3.19. The company has a debt-to-equity ratio of 7.45, a current ratio of 1.60 and a quick ratio of 1.60. The firm’s 50-day moving average price is $2.22 and its two-hundred day moving average price is $2.49. The firm has a market cap of $141.82 million, a price-to-earnings ratio of -2.15 and a beta of 0.80.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

A number of large investors have recently made changes to their positions in BHR. Renaissance Technologies LLC lifted its stake in shares of BRAEMAR HOTELS & RESORTS by 0.6% in the fourth quarter. Renaissance Technologies LLC now owns 728,900 shares of the company’s stock valued at $2,092,000 after purchasing an additional 4,700 shares during the period. Algert Global LLC grew its position in BRAEMAR HOTELS & RESORTS by 24.3% during the third quarter. Algert Global LLC now owns 25,746 shares of the company’s stock worth $70,000 after buying an additional 5,030 shares during the period. BNP Paribas Financial Markets increased its holdings in BRAEMAR HOTELS & RESORTS by 94.1% in the third quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock valued at $34,000 after buying an additional 6,062 shares in the last quarter. Jane Street Group LLC increased its holdings in BRAEMAR HOTELS & RESORTS by 7.5% in the first quarter. Jane Street Group LLC now owns 99,519 shares of the company’s stock valued at $248,000 after buying an additional 6,942 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of BRAEMAR HOTELS & RESORTS by 45.9% during the 4th quarter. AQR Capital Management LLC now owns 25,342 shares of the company’s stock valued at $73,000 after acquiring an additional 7,973 shares during the period. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Analyst Ratings Changes

BHR has been the topic of a number of recent research reports. Weiss Ratings cut shares of BRAEMAR HOTELS & RESORTS from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, July 30th. Robert W. Baird increased their price target on shares of BRAEMAR HOTELS & RESORTS from $2.00 to $2.50 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen raised shares of BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $2.50.

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.