Braemar Hotels & Resorts (NYSE:BHR) Earns Buy Rating from Deutsche Bank

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Deutsche Bank reiterated their buy rating on shares of Braemar Hotels & Resorts (NYSE:BHR) in a report released on Thursday, AnalystRatings.com reports. Deutsche Bank currently has a $18.00 price objective on the stock.

BHR has been the topic of several other reports. B. Riley set a $13.00 price objective on Braemar Hotels & Resorts and gave the company a buy rating in a research note on Wednesday, July 31st. ValuEngine lowered Braemar Hotels & Resorts from a hold rating to a sell rating in a research note on Monday, June 24th. DA Davidson reaffirmed a buy rating on shares of Braemar Hotels & Resorts in a research note on Monday, July 29th. Zacks Investment Research raised Braemar Hotels & Resorts from a strong sell rating to a hold rating in a research note on Wednesday, July 24th. Finally, TheStreet lowered Braemar Hotels & Resorts from a c- rating to a d+ rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $14.25.

NYSE:BHR opened at $9.26 on Thursday. The stock’s 50-day simple moving average is $9.21 and its 200 day simple moving average is $11.35. The firm has a market capitalization of $288.23 million, a PE ratio of 5.97 and a beta of 1.14. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 2.99. Braemar Hotels & Resorts has a twelve month low of $7.89 and a twelve month high of $14.03.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.65). The business had revenue of $118.52 million during the quarter, compared to analyst estimates of $124.55 million. Braemar Hotels & Resorts had a negative net margin of 4.34% and a negative return on equity of 5.22%. On average, analysts anticipate that Braemar Hotels & Resorts will post 1.27 EPS for the current fiscal year.

In other news, insider Mark Nunneley purchased 25,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $8.08 per share, with a total value of $202,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have bought 29,325 shares of company stock worth $240,444 over the last three months. Insiders own 8.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Braemar Hotels & Resorts by 84.3% during the second quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock valued at $28,000 after purchasing an additional 1,282 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Braemar Hotels & Resorts by 26.2% during the fourth quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock valued at $48,000 after purchasing an additional 1,112 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Braemar Hotels & Resorts by 39.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,455 shares of the company’s stock valued at $64,000 after purchasing an additional 1,811 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Braemar Hotels & Resorts by 184.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock valued at $97,000 after purchasing an additional 7,014 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Braemar Hotels & Resorts during the second quarter valued at about $105,000. 73.78% of the stock is currently owned by hedge funds and other institutional investors.

Braemar Hotels & Resorts Company Profile

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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