Braemar Hotels & Resorts (BHR) Lowered to “Hold” at Zacks Investment Research

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Zacks Investment Research cut shares of Braemar Hotels & Resorts (NYSE:BHR) from a buy rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Braemar Hotels & Resorts Inc. operates as a real estate investment trust. It focused on investing in luxury hotels and resorts. Braemar Hotels & Resorts Inc., formerly known as Ashford Hospitality Prime is based in Texas, United States. “

A number of other equities research analysts also recently weighed in on BHR. Robert W. Baird set a $11.00 price target on shares of Braemar Hotels & Resorts and gave the stock a hold rating in a research note on Monday, November 19th. Deutsche Bank set a $17.00 target price on shares of Braemar Hotels & Resorts and gave the company a buy rating in a research note on Sunday, December 9th. DA Davidson initiated coverage on shares of Braemar Hotels & Resorts in a research note on Friday, December 14th. They issued a buy rating for the company. Finally, ValuEngine raised shares of Braemar Hotels & Resorts from a sell rating to a hold rating in a research note on Saturday, December 15th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Braemar Hotels & Resorts presently has an average rating of Buy and an average price target of $14.50.

Shares of BHR stock opened at $11.49 on Tuesday. The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 2.69. The company has a market cap of $383.48 million, a PE ratio of 7.76, a P/E/G ratio of 1.53 and a beta of 0.97. Braemar Hotels & Resorts has a 1 year low of $8.32 and a 1 year high of $13.74.

Braemar Hotels & Resorts (NYSE:BHR) last posted its quarterly earnings results on Wednesday, February 27th. The company reported ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.19). Braemar Hotels & Resorts had a return on equity of 10.28% and a net margin of 9.08%. Research analysts predict that Braemar Hotels & Resorts will post 1.4 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Legal & General Group Plc increased its stake in 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 in the last quarter. Martingale Asset Management L P increased its stake in 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 in the last quarter. California Public Employees Retirement System increased its stake in Braemar Hotels & Resorts by 3.2% in the fourth quarter. California Public Employees Retirement System now owns 90,478 shares of the company’s stock valued at $808,000 after purchasing an additional 2,797 shares in the last quarter. Strs Ohio increased its stake in Braemar Hotels & Resorts by 5.8% in the fourth quarter. Strs Ohio now owns 51,299 shares of the company’s stock valued at $458,000 after purchasing an additional 2,809 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Braemar Hotels & Resorts by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 486,442 shares of the company’s stock valued at $4,344,000 after purchasing an additional 2,972 shares in the last quarter. 77.93% of the stock is owned by hedge funds and other institutional investors.

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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