BRAEMAR HOTELS & RESORTS's (BHR) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• BRAEMAR HOTELS & RESORTS has had its "sell (D+)" rating reaffirmed by Weiss Ratings, indicating continued negative sentiment from analysts.
• The company's stock price decreased by 0.8%, trading at $2.63, with a market cap of approximately $179.42 million.
• Despite reporting revenues of $179.08 million for the last quarter, BRAEMAR HOTELS & RESORTS missed earnings expectations, posting negative net margins and a return on equity.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report)'s stock had its "sell (d+)" rating reissued by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

BRAEMAR HOTELS & RESORTS Stock Down 0.8%

BHR stock traded down $0.02 on Wednesday, reaching $2.63. 555,109 shares of the company traded hands, compared to its average volume of 328,631. BRAEMAR HOTELS & RESORTS has a one year low of $1.80 and a one year high of $3.82. The company has a market cap of $179.42 million, a P/E ratio of -3.42 and a beta of 1.28. The firm has a fifty day simple moving average of $2.57 and a 200-day simple moving average of $2.38. The company has a debt-to-equity ratio of 5.50, a current ratio of 1.67 and a quick ratio of 1.67.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). BRAEMAR HOTELS & RESORTS had a negative net margin of 0.07% and a negative return on equity of 0.22%. The firm had revenue of $179.08 million for the quarter, compared to the consensus estimate of $166.80 million. Research analysts anticipate that BRAEMAR HOTELS & RESORTS will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On BRAEMAR HOTELS & RESORTS

A number of institutional investors have recently added to or reduced their stakes in BHR. Arrowstreet Capital Limited Partnership lifted its stake in BRAEMAR HOTELS & RESORTS by 12.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 372,613 shares of the company's stock worth $913,000 after purchasing an additional 41,472 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 2nd quarter valued at approximately $59,000. Penserra Capital Management LLC bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 2nd quarter valued at approximately $1,256,000. Noesis Capital Mangement Corp bought a new position in shares of BRAEMAR HOTELS & RESORTS during the 2nd quarter valued at approximately $172,000. Finally, Sowell Financial Services LLC raised its stake in BRAEMAR HOTELS & RESORTS by 12.8% during the second quarter. Sowell Financial Services LLC now owns 71,171 shares of the company's stock valued at $174,000 after purchasing an additional 8,055 shares in the last quarter. 64.79% of the stock is owned by hedge funds and other institutional investors.

About BRAEMAR HOTELS & RESORTS

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

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