Zacks Research Downgrades BRAEMAR HOTELS & RESORTS (NYSE:BHR) to Strong Sell

BRAEMAR HOTELS & RESORTS (NYSE:BHR) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, BRAEMAR HOTELS & RESORTS presently has a consensus rating of “Sell”.

BRAEMAR HOTELS & RESORTS Trading Down 1.2%

Shares of NYSE BHR opened at $2.91 on Monday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 5.64. The stock’s 50 day moving average price is $2.77 and its two-hundred day moving average price is $2.63. BRAEMAR HOTELS & RESORTS has a 52-week low of $1.80 and a 52-week high of $3.28. The stock has a market capitalization of $198.18 million, a P/E ratio of -3.34 and a beta of 0.77.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.08). BRAEMAR HOTELS & RESORTS had a negative return on equity of 3.27% and a negative net margin of 1.04%.The business had revenue of $143.56 million during the quarter, compared to analyst estimates of $142.62 million. On average, analysts anticipate that BRAEMAR HOTELS & RESORTS will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kathmere Capital Management LLC bought a new stake in shares of BRAEMAR HOTELS & RESORTS during the fourth quarter valued at about $29,000. Strs Ohio acquired a new position in BRAEMAR HOTELS & RESORTS during the 1st quarter valued at about $32,000. BNP Paribas Financial Markets raised its position in shares of BRAEMAR HOTELS & RESORTS by 94.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock worth $34,000 after buying an additional 6,062 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of BRAEMAR HOTELS & RESORTS in the 3rd quarter worth approximately $38,000. Finally, Franklin Resources Inc. acquired a new stake in shares of BRAEMAR HOTELS & RESORTS in the 3rd quarter worth approximately $42,000. 64.79% of the stock is owned by institutional investors and hedge funds.

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.