BRAEMAR HOTELS & RESORTS (NYSE:BHR) Stock Rating Upgraded by Wall Street Zen

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other equities research analysts have also recently weighed in on BHR. Weiss Ratings reiterated a "sell (d+)" rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Friday, March 27th. Zacks Research upgraded shares of BRAEMAR HOTELS & RESORTS from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, BRAEMAR HOTELS & RESORTS currently has an average rating of "Reduce".

BRAEMAR HOTELS & RESORTS Trading Up 1.3%

Shares of NYSE:BHR opened at $2.79 on Friday. The company has a market cap of $191.41 million, a P/E ratio of -2.90 and a beta of 0.78. The stock's 50-day moving average is $2.50 and its 200-day moving average is $2.70. BRAEMAR HOTELS & RESORTS has a 52-week low of $1.96 and a 52-week high of $3.19. The company has a debt-to-equity ratio of 7.89, a quick ratio of 1.59 and a current ratio of 1.59.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.68. BRAEMAR HOTELS & RESORTS had a negative net margin of 2.24% and a negative return on equity of 8.21%. The business had revenue of $208.98 million during the quarter, compared to analysts' expectations of $201.97 million. Equities research analysts predict that BRAEMAR HOTELS & RESORTS will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Kathmere Capital Management LLC boosted its holdings in BRAEMAR HOTELS & RESORTS by 55.0% during the first quarter. Kathmere Capital Management LLC now owns 15,745 shares of the company's stock valued at $37,000 after purchasing an additional 5,589 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in BRAEMAR HOTELS & RESORTS by 12.1% during the first quarter. Ritholtz Wealth Management now owns 152,331 shares of the company's stock valued at $360,000 after purchasing an additional 16,500 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in BRAEMAR HOTELS & RESORTS by 44.2% during the fourth quarter. Hsbc Holdings PLC now owns 107,120 shares of the company's stock valued at $298,000 after purchasing an additional 32,826 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in BRAEMAR HOTELS & RESORTS by 42.7% during the fourth quarter. Corient Private Wealth LLC now owns 51,490 shares of the company's stock valued at $148,000 after purchasing an additional 15,395 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in BRAEMAR HOTELS & RESORTS during the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 64.79% of the company's stock.

About BRAEMAR HOTELS & RESORTS

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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