BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) Short Interest Up 23.4% in February

BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,351,334 shares, an increase of 23.4% from the January 29th total of 1,095,036 shares. Based on an average daily trading volume, of 381,281 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.2% of the shares of the stock are sold short. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 381,281 shares, the days-to-cover ratio is currently 3.5 days.

BRAEMAR HOTELS & RESORTS Stock Performance

NYSE BHR opened at $2.88 on Thursday. The stock has a 50 day simple moving average of $2.93 and a two-hundred day simple moving average of $2.78. The stock has a market cap of $196.47 million, a P/E ratio of -2.69 and a beta of 0.71. BRAEMAR HOTELS & RESORTS has a fifty-two week low of $1.80 and a fifty-two week high of $3.28. The company has a debt-to-equity ratio of 5.64, a quick ratio of 1.64 and a current ratio of 1.64.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last released its earnings results on Thursday, February 26th. The company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.62). BRAEMAR HOTELS & RESORTS had a negative return on equity of 10.06% and a negative net margin of 3.17%.The business had revenue of $165.56 million for the quarter, compared to analysts’ expectations of $147.20 million. On average, analysts forecast that BRAEMAR HOTELS & RESORTS will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC raised its stake in BRAEMAR HOTELS & RESORTS by 0.6% in the 4th quarter. Renaissance Technologies LLC now owns 728,900 shares of the company’s stock worth $2,092,000 after acquiring an additional 4,700 shares during the last quarter. Algert Global LLC increased its position in shares of BRAEMAR HOTELS & RESORTS by 24.3% in the third quarter. Algert Global LLC now owns 25,746 shares of the company’s stock valued at $70,000 after buying an additional 5,030 shares in the last quarter. BNP Paribas Financial Markets lifted 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 valued at $34,000 after buying an additional 6,062 shares in the last quarter. Jane Street Group LLC grew its stake in BRAEMAR HOTELS & RESORTS by 7.5% in the 1st quarter. Jane Street Group LLC now owns 99,519 shares of the company’s stock valued at $248,000 after acquiring an additional 6,942 shares during the period. Finally, AQR Capital Management LLC increased its holdings in BRAEMAR HOTELS & RESORTS by 45.9% in the 4th quarter. AQR Capital Management LLC now owns 25,342 shares of the company’s stock worth $73,000 after acquiring an additional 7,973 shares in the last quarter. 64.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on BHR shares. Weiss Ratings reissued a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Monday, December 29th. Zacks Research raised BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BRAEMAR HOTELS & RESORTS presently has an average rating of “Reduce”.

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.