BRAEMAR HOTELS & RESORTS (NYSE:BHR) Releases Earnings Results, Misses Estimates By $2.80 EPS

BRAEMAR HOTELS & RESORTS (NYSE:BHR) posted its earnings results on Wednesday. The company reported ($3.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($2.80), FiscalAI reports. BRAEMAR HOTELS & RESORTS had a net margin of 34.68% and a return on equity of 153.41%. The firm had revenue of $101.58 million for the quarter, compared to the consensus estimate of $103.61 million.

BRAEMAR HOTELS & RESORTS Trading Up 1.0%

BHR stock traded up $0.01 during midday trading on Friday, reaching $1.55. 511,068 shares of the company traded hands, compared to its average volume of 495,378. The firm has a market capitalization of $106.80 million, a price-to-earnings ratio of 0.58 and a beta of 0.85. BRAEMAR HOTELS & RESORTS has a 52-week low of $1.18 and a 52-week high of $3.19. The business has a 50 day moving average of $1.62 and a 200-day moving average of $2.24. The company has a debt-to-equity ratio of 5.03, a quick ratio of 2.01 and a current ratio of 2.01.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BHR. Robert W. Baird decreased their price target on shares of BRAEMAR HOTELS & RESORTS from $2.50 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Weiss Ratings reissued a “sell (d)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Wednesday, October 28th. 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, BRAEMAR HOTELS & RESORTS presently has an average rating of “Reduce” and an average target price of $2.00.

About BRAEMAR HOTELS & RESORTS

Braemar Hotels & Resorts Inc (NYSE:BHR) is a real estate investment trust focused on owning and investing in luxury hotels and high-end resorts. The company’s portfolio has included upscale lodging properties in major urban destinations and resort markets across the United States.

Braemar’s properties operate under well-known luxury and lifestyle hotel brands, as well as independent names. Its hotels provide guest accommodations, food and beverage services, meeting and event facilities, spa amenities, and other hospitality services.