BRAEMAR HOTELS & RESORTS (NYSE:BHR) Given New $2.50 Price Target at Robert W. Baird

BRAEMAR HOTELS & RESORTS (NYSE:BHR) had its price target hoisted by stock analysts at Robert W. Baird from $2.00 to $2.50 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 8.93% from the stock’s previous close.

BHR has been the topic of several other reports. Wall Street Zen upgraded shares of BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings restated a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $2.50.

BRAEMAR HOTELS & RESORTS Stock Up 2.9%

NYSE BHR opened at $2.29 on Tuesday. The business’s fifty day simple moving average is $2.24 and its 200-day simple moving average is $2.52. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 7.45. The firm has a market cap of $157.62 million, a PE ratio of -2.39 and a beta of 0.79. BRAEMAR HOTELS & RESORTS has a 52 week low of $1.88 and a 52 week high of $3.19.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.68. BRAEMAR HOTELS & RESORTS had a negative net margin of 2.24% and a negative return on equity of 8.68%. The firm had revenue of $208.98 million during the quarter, compared to analyst estimates of $201.97 million. As a group, equities analysts anticipate that BRAEMAR HOTELS & RESORTS will post 0.13 earnings per share for the current year.

Institutional Trading of BRAEMAR HOTELS & RESORTS

A number of hedge funds and other institutional investors have recently modified their holdings of BHR. Harbor Capital Advisors Inc. raised its holdings in BRAEMAR HOTELS & RESORTS by 958.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,107 shares of the company’s stock valued at $29,000 after buying an additional 9,152 shares during the period. Kathmere Capital Management LLC purchased a new position in BRAEMAR HOTELS & RESORTS during the fourth quarter worth about $29,000. Quadrature Capital Ltd acquired a new stake in shares of BRAEMAR HOTELS & RESORTS during the fourth quarter valued at about $30,000. BNP Paribas Financial Markets increased its position in shares of BRAEMAR HOTELS & RESORTS by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock valued at $34,000 after acquiring an additional 6,062 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of BRAEMAR HOTELS & RESORTS in the 1st quarter valued at approximately $32,000. 64.79% of the stock is owned by institutional investors and hedge funds.

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.