BRAEMAR HOTELS & RESORTS (NYSE:BHR) Stock Rating Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Braemar Hotels & Resorts from “hold” to “sell.” Across analysts, the stock carries an average “Reduce” rating and a $2.00 price target.
• Braemar reported a quarterly loss of $3.51 per share, missing the consensus estimate of a $0.71 loss; revenue of $101.58 million also fell short of expectations.
• The stock opened at $1.73, below its 200-day moving average of $2.20. Its debt-to-equity ratio was 5.03.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.

A number of other analysts have also weighed in on BHR. Robert W. Baird cut their target price on shares of BRAEMAR HOTELS & RESORTS from $2.50 to $2.00 and set a "neutral" rating on the stock in a research report on Monday, October 12th. Weiss Ratings downgraded shares of BRAEMAR HOTELS & RESORTS from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $2.00.

BRAEMAR HOTELS & RESORTS Trading Up 2.7%

BHR opened at $1.73 on Friday. The company's 50 day moving average is $1.58 and its 200-day moving average is $2.20. BRAEMAR HOTELS & RESORTS has a 1-year low of $1.18 and a 1-year high of $3.19. The company has a current ratio of 1.56, a quick ratio of 2.01 and a debt-to-equity ratio of 5.03. The company has a market cap of $118.47 million, a P/E ratio of 0.64 and a beta of 0.85.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported ($3.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($2.80). The company had revenue of $101.58 million for the quarter, compared to the consensus estimate of $103.61 million. BRAEMAR HOTELS & RESORTS had a net margin of 34.68% and a return on equity of 269.26%.

Institutional Investors Weigh In On BRAEMAR HOTELS & RESORTS

A number of institutional investors have recently made changes to their positions in BHR. Anson Funds Management LP boosted its position in shares of BRAEMAR HOTELS & RESORTS by 48.5% during the 1st quarter. Anson Funds Management LP now owns 1,808,219 shares of the company's stock valued at $4,267,000 after purchasing an additional 590,316 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in BRAEMAR HOTELS & RESORTS by 8.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,050,262 shares of the company's stock worth $2,479,000 after purchasing an additional 78,853 shares in the last quarter. Marshall Wace LLP increased its holdings in BRAEMAR HOTELS & RESORTS by 28.1% in the third quarter. Marshall Wace LLP now owns 1,098,572 shares of the company's stock worth $1,835,000 after purchasing an additional 240,898 shares in the last quarter. Sei Investments Co. increased its holdings in BRAEMAR HOTELS & RESORTS by 156.3% in the first quarter. Sei Investments Co. now owns 464,867 shares of the company's stock worth $1,097,000 after purchasing an additional 283,476 shares in the last quarter. Finally, Simplify Asset Management Inc. increased its holdings in BRAEMAR HOTELS & RESORTS by 256.8% in the third quarter. Simplify Asset Management Inc. now owns 653,000 shares of the company's stock worth $1,091,000 after purchasing an additional 470,000 shares in the last quarter. Institutional investors own 64.79% of the company's stock.

About BRAEMAR HOTELS & RESORTS

Braemar Hotels & Resorts is a real estate investment trust that owns luxury hotels and resorts. Its portfolio includes properties in urban and resort destinations, with hotel operations handled by third-party operators. The company was established in 2013 as Ashford Hospitality Prime, following a spin-off from Ashford Hospitality Trust. It adopted the Braemar Hotels & Resorts name in 2018 and is externally advised by Ashford Hospitality Advisors, an affiliate of Ashford Inc.

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