Braemar Hotels & Resorts (BHR) Receives $12.88 Consensus Price Target from Brokerages

Braemar Hotels & Resorts (NYSE:BHR) has been assigned an average rating of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.88.

A number of equities research analysts recently weighed in on BHR shares. Robert W. Baird set a $11.00 price objective on shares of Braemar Hotels & Resorts and gave the company a “hold” rating in a report on Monday, November 19th. DA Davidson started coverage on shares of Braemar Hotels & Resorts in a report on Friday, December 14th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, October 8th. ValuEngine lowered shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Finally, B. Riley set a $14.00 price objective on shares of Braemar Hotels & Resorts and gave the company a “buy” rating in a report on Friday, November 2nd.

Braemar Hotels & Resorts stock opened at $9.56 on Tuesday. The stock has a market capitalization of $312.44 million, a PE ratio of 5.90, a PEG ratio of 1.20 and a beta of 0.79. The company has a debt-to-equity ratio of 2.69, a current ratio of 4.17 and a quick ratio of 4.17. Braemar Hotels & Resorts has a 12-month low of $8.32 and a 12-month high of $12.10.

Braemar Hotels & Resorts (NYSE:BHR) last released its earnings results on Wednesday, October 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. The firm had revenue of $108.85 million during the quarter, compared to analyst estimates of $110.46 million. Braemar Hotels & Resorts had a net margin of 9.08% and a return on equity of 10.28%. Research analysts forecast that Braemar Hotels & Resorts will post 1.4 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, December 28th. This represents a $0.64 dividend on an annualized basis and a yield of 6.69%. Braemar Hotels & Resorts’s payout ratio is 39.51%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in Braemar Hotels & Resorts during the 3rd quarter valued at about $109,000. Dynamic Technology Lab Private Ltd purchased a new position in Braemar Hotels & Resorts during the 2nd quarter valued at about $120,000. Schroder Investment Management Group purchased a new position in Braemar Hotels & Resorts during the 2nd quarter valued at about $128,000. Macquarie Group Ltd. purchased a new position in Braemar Hotels & Resorts during the 2nd quarter valued at about $151,000. Finally, Tower Research Capital LLC TRC purchased a new position in Braemar Hotels & Resorts during the 2nd quarter valued at about $168,000. 77.13% of the stock is currently owned by institutional investors and hedge funds.

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).

See Also: Initial Public Offering (IPO)

Receive News & Ratings for Braemar Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braemar Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply