BRAEMAR HOTELS & RESORTS (NYSE:BHR) Posts Earnings Results, Beats Expectations By $0.68 EPS

Key Points

• Braemar Hotels & Resorts reported quarterly EPS of $0.52, beating the consensus estimate of -$0.16 by $0.68. Revenue also came in above expectations at $208.98 million versus $201.97 million.
• The company’s financial metrics remain weak, with a negative return on equity of 8.21% and a negative net margin of 2.24%. Its debt-to-equity ratio is high at 7.89.
• Analyst sentiment remains cautious, with recent ratings including sell and hold, and an overall average rating of “Reduce” from MarketBeat data.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.68, Zacks reports. BRAEMAR HOTELS & RESORTS had a negative return on equity of 8.21% and a negative net margin of 2.24%.The business had revenue of $208.98 million during the quarter, compared to the consensus estimate of $201.97 million.

BRAEMAR HOTELS & RESORTS Price Performance

Shares of NYSE BHR traded up $0.04 during mid-day trading on Friday, reaching $2.79. 533,025 shares of the company traded hands, compared to its average volume of 363,438. BRAEMAR HOTELS & RESORTS has a fifty-two week low of $1.96 and a fifty-two week high of $3.19. The firm has a market cap of $191.41 million, a PE ratio of -2.90 and a beta of 0.78. The stock has a fifty day simple moving average of $2.50 and a 200-day simple moving average of $2.70. The company has a debt-to-equity ratio of 7.89, a current ratio of 1.59 and a quick ratio of 1.59.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings restated a "sell (d+)" rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Friday, March 27th. Zacks Research raised BRAEMAR HOTELS & RESORTS from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen lowered BRAEMAR HOTELS & RESORTS from a "hold" rating to a "sell" rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce".

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in shares of BRAEMAR HOTELS & RESORTS in the 4th quarter worth $30,000. Strs Ohio bought a new position in BRAEMAR HOTELS & RESORTS during the first quarter valued at about $32,000. BNP Paribas Financial Markets boosted its stake in 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 buying an additional 6,062 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in BRAEMAR HOTELS & RESORTS during the third quarter worth about $38,000. Finally, Franklin Resources Inc. bought a new stake in BRAEMAR HOTELS & RESORTS in the third quarter worth about $42,000. 64.79% of the stock is owned by institutional investors.

BRAEMAR HOTELS & RESORTS Company Profile

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.

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