Braemar Hotels & Resorts (BHR) Receives $14.67 Average PT from Brokerages

Shares of Braemar Hotels & Resorts (NYSE:BHR) have been given an average recommendation of “Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $14.75.

Several research analysts recently issued reports on BHR shares. ValuEngine raised shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research raised shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, February 6th. Finally, Deutsche Bank raised their target price on shares of Braemar Hotels & Resorts from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 1st.

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its position in Braemar Hotels & Resorts by 9.6% during the first quarter. The Manufacturers Life Insurance Company now owns 11,241 shares of the company’s stock valued at $137,000 after buying an additional 987 shares during the period. Gamco Investors INC. ET AL grew its position in Braemar Hotels & Resorts by 3.3% during the first quarter. Gamco Investors INC. ET AL now owns 31,000 shares of the company’s stock valued at $379,000 after buying an additional 1,000 shares during the period. Legal & General Group Plc grew its position in shares of Braemar Hotels & Resorts by 26.2% in the fourth quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock valued at $48,000 after purchasing an additional 1,112 shares during the period. Martingale Asset Management L P grew its position in shares of Braemar Hotels & Resorts by 0.9% in the fourth quarter. Martingale Asset Management L P now owns 149,100 shares of the company’s stock valued at $1,332,000 after purchasing an additional 1,396 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Braemar Hotels & Resorts by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 488,501 shares of the company’s stock valued at $5,965,000 after purchasing an additional 2,059 shares during the period. Institutional investors own 77.71% of the company’s stock.

NYSE BHR opened at $12.74 on Monday. The firm has a market capitalization of $417.29 million, a price-to-earnings ratio of 8.22 and a beta of 1.08. Braemar Hotels & Resorts has a 12-month low of $8.32 and a 12-month high of $14.03. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.75 and a quick ratio of 2.75.

Braemar Hotels & Resorts (NYSE:BHR) last issued its earnings results on Wednesday, May 1st. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.49). Braemar Hotels & Resorts had a negative return on equity of 0.97% and a negative net margin of 0.80%. The business had revenue of $128.51 million for the quarter, compared to analysts’ expectations of $120.97 million. As a group, equities analysts anticipate that Braemar Hotels & Resorts will post 1.36 earnings per share for the current year.

About Braemar Hotels & Resorts

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

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