BRAEMAR HOTELS & RESORTS (NYSE:BHR) Given New $2.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird lowered Braemar Hotels & Resorts’ price target from $2.50 to $2.00 while maintaining a “neutral” rating, implying roughly 66% upside from the stock’s $1.21 price.
• Analyst sentiment remains cautious: the company has a consensus “Reduce” rating, with two Hold ratings and one Sell rating, and a consensus price target of $2.00.
• Braemar exceeded quarterly expectations, reporting a loss of $0.01 per share versus the estimated $0.44 loss and revenue of $171.03 million versus $166.22 million expected; institutional investors own 64.79% of the stock.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) had its target price lowered by Robert W. Baird from $2.50 to $2.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Robert W. Baird's target price points to a potential upside of 65.98% from the stock's current price.

Separately, Weiss Ratings downgraded BRAEMAR HOTELS & RESORTS from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BRAEMAR HOTELS & RESORTS presently has a consensus rating of "Reduce" and a consensus price target of $2.00.

BRAEMAR HOTELS & RESORTS Price Performance

BRAEMAR HOTELS & RESORTS stock opened at $1.21 on Monday. BRAEMAR HOTELS & RESORTS has a 52 week low of $1.18 and a 52 week high of $3.19. The company's 50 day moving average price is $1.87 and its two-hundred day moving average price is $2.17. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 5.03. The stock has a market cap of $82.76 million, a P/E ratio of -1.65 and a beta of 0.82.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.44) by $0.43. The company had revenue of $171.03 million during the quarter, compared to the consensus estimate of $166.22 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 1.92% and a negative net margin of 0.45%. On average, equities analysts predict that BRAEMAR HOTELS & RESORTS will post 0.13 earnings per share for the current year.

Institutional Trading of BRAEMAR HOTELS & RESORTS

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of BRAEMAR HOTELS & RESORTS during the 2nd quarter worth approximately $227,000. Bank of America Corp DE purchased a new position in BRAEMAR HOTELS & RESORTS in the second quarter valued at approximately $171,000. Hsbc Holdings PLC purchased a new position in BRAEMAR HOTELS & RESORTS in the second quarter valued at approximately $228,000. Canada Pension Plan Investment Board purchased a new position in BRAEMAR HOTELS & RESORTS in the second quarter valued at approximately $284,000. Finally, The Manufacturers Life Insurance Company bought a new position in BRAEMAR HOTELS & RESORTS during the second quarter valued at $46,000. Institutional investors own 64.79% of the company's stock.

BRAEMAR HOTELS & RESORTS Company Profile

Braemar Hotels & Resorts, Inc is a real estate investment trust focused on owning and investing in luxury hotels and high-end resorts. The company's portfolio is concentrated in upper-upscale and luxury properties located in destination and gateway markets across the United States.

Braemar's properties typically operate under established hotel brands or as independent luxury accommodations. Its offerings include guest rooms and suites, restaurants and bars, meeting and event facilities, spas, and other resort amenities.

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