BRAEMAR HOTELS & RESORTS (NYSE:BHR) Stock Price Up 1% - Here's Why

Key Points

• BHR shares rose about 1% to $2.515 mid-day Thursday, with ~272,976 shares traded (a ~16% decline from average volume), after closing at $2.49 previously.
• Analyst sentiment is weak with a MarketBeat consensus of "Reduce"; recent notes include a Zacks upgrade to Hold but Weiss and Wall Street Zen issuing or reiterating Sell ratings.
• BRAEMAR missed EPS expectations badly (reported -$0.67 vs. -$0.05 expected) despite revenue beating ($165.6M vs. $147.2M), and the company shows high leverage (debt/equity 7.89) with negative net margin and negative P/E.

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Get Free Report)'s share price rose 1% during mid-day trading on Thursday . The company traded as high as $2.56 and last traded at $2.5150. Approximately 272,976 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 325,812 shares. The stock had previously closed at $2.49.

Wall Street Analysts Forecast Growth

BHR has been the subject of several research analyst reports. Zacks Research raised shares of BRAEMAR HOTELS & RESORTS from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 10th. Weiss Ratings reiterated a "sell (d+)" rating on shares of BRAEMAR HOTELS & RESORTS in a report on Friday, March 27th. Finally, Wall Street Zen downgraded BRAEMAR HOTELS & RESORTS from a "hold" rating to a "sell" rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce".

BRAEMAR HOTELS & RESORTS Stock Up 1.0%

The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 7.89. The firm has a market capitalization of $172.73 million, a price-to-earnings ratio of -2.35 and a beta of 0.84. The firm has a 50 day moving average price of $2.69 and a two-hundred day moving average price of $2.73.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.62). The business had revenue of $165.56 million for the quarter, compared to analyst estimates of $147.20 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 11.08% and a negative net margin of 3.17%. On average, equities analysts expect that BRAEMAR HOTELS & RESORTS INC. will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

A number of hedge funds have recently made changes to their positions in the business. Anson Funds Management LP purchased a new stake in BRAEMAR HOTELS & RESORTS during the 4th quarter worth $3,495,000. Landmark Investment Partners L.P. purchased a new position in BRAEMAR HOTELS & RESORTS in the third quarter valued at about $2,110,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of BRAEMAR HOTELS & RESORTS by 120.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 822,847 shares of the company's stock worth $2,246,000 after purchasing an additional 450,234 shares in the last quarter. Millennium Management LLC boosted its position in shares of BRAEMAR HOTELS & RESORTS by 631.7% in the third quarter. Millennium Management LLC now owns 466,672 shares of the company's stock worth $1,274,000 after buying an additional 402,895 shares during the period. Finally, Penn Capital Management Company LLC purchased a new stake in shares of BRAEMAR HOTELS & RESORTS in the third quarter worth about $804,000. Hedge funds and other institutional investors own 64.79% of the company's stock.

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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