BRAEMAR HOTELS & RESORTS (NYSE:BHR) Shares Up 0.3% - Here's Why

Key Points

• Braemar Hotels & Resorts shares rose 0.3% to approximately $1.795, with trading volume 18% above its average session volume.
• Analyst sentiment remains cautious: the stock has an average “Reduce” rating and a $2.50 price target, while ratings include two Holds and one Sell.
• The company exceeded quarterly expectations, reporting a loss of $0.01 per share versus the projected $0.44 loss and revenue of $171.03 million versus the $166.22 million consensus estimate.

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR - Get Free Report) shares traded up 0.3% during trading on Monday . The company traded as high as $1.81 and last traded at $1.7950. 495,531 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 421,239 shares. The stock had previously closed at $1.79.

Wall Street Analyst Weigh In

Several research firms have issued reports on BHR. Robert W. Baird lifted their price objective on BRAEMAR HOTELS & RESORTS from $2.00 to $2.50 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Weiss Ratings cut BRAEMAR HOTELS & RESORTS from a "sell (d+)" rating to a "sell (d)" rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $2.50.

BRAEMAR HOTELS & RESORTS Trading Up 0.3%

The company has a debt-to-equity ratio of 5.03, a current ratio of 2.01 and a quick ratio of 2.01. The business's fifty day simple moving average is $2.03 and its 200 day simple moving average is $2.26. The stock has a market cap of $123.28 million, a price-to-earnings ratio of -2.46 and a beta of 0.79.

BRAEMAR HOTELS & RESORTS (NYSE:BHR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.44) by $0.43. BRAEMAR HOTELS & RESORTS had a negative net margin of 0.45% and a negative return on equity of 1.92%. The company had revenue of $171.03 million for the quarter, compared to analysts' expectations of $166.22 million. On average, research analysts predict that BRAEMAR HOTELS & RESORTS INC. will post 0.13 EPS for the current year.

Institutional Investors Weigh In On BRAEMAR HOTELS & RESORTS

Several institutional investors and hedge funds have recently bought and sold shares of BHR. Anson Funds Management LP lifted its holdings in shares of BRAEMAR HOTELS & RESORTS by 48.5% in the 1st quarter. Anson Funds Management LP now owns 1,808,219 shares of the company's stock worth $4,267,000 after purchasing an additional 590,316 shares during the last quarter. Sei Investments Co. boosted its position in BRAEMAR HOTELS & RESORTS by 156.3% during the 1st quarter. Sei Investments Co. now owns 464,867 shares of the company's stock valued at $1,097,000 after purchasing an additional 283,476 shares during the period. Canada Pension Plan Investment Board bought a new position in BRAEMAR HOTELS & RESORTS during the 2nd quarter worth $284,000. Algert Global LLC bought a new position in BRAEMAR HOTELS & RESORTS during the 2nd quarter worth $145,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in BRAEMAR HOTELS & RESORTS in the second quarter worth $381,000. Institutional investors and hedge funds own 64.79% of the company's stock.

About BRAEMAR HOTELS & RESORTS

Braemar Hotels & Resorts Inc is a real estate investment trust (REIT) that owns and invests in luxury and upscale hotels and resorts. Its portfolio includes full-service properties in urban and resort destinations, with an emphasis on high-quality lodging assets that cater to business and leisure travelers.

The company's properties operate under a range of hotel brands and independent identities and offer services such as guest accommodations, restaurants and bars, meeting and event facilities, spas, and other resort amenities.

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