BRAEMAR HOTELS & RESORTS (NYSE:BHR) Announces Quarterly Earnings Results

BRAEMAR HOTELS & RESORTS (NYSE:BHR) announced its quarterly earnings results on Wednesday. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.68, Zacks reports. The firm had revenue of $208.98 million for the quarter, compared to analyst estimates of $201.97 million. BRAEMAR HOTELS & RESORTS had a negative return on equity of 8.21% and a negative net margin of 2.24%.

BRAEMAR HOTELS & RESORTS Trading Up 1.3%

Shares of NYSE BHR traded up $0.04 during midday trading on Friday, reaching $2.79. The stock had a trading volume of 533,025 shares, compared to its average volume of 363,438. The company’s 50 day moving average price is $2.50 and its 200 day moving average price is $2.70. The company has a debt-to-equity ratio of 7.89, a quick ratio of 1.59 and a current ratio of 1.59. BRAEMAR HOTELS & RESORTS has a twelve month low of $1.96 and a twelve month high of $3.19. The firm has a market cap of $191.41 million, a price-to-earnings ratio of -2.90 and a beta of 0.78.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BHR shares. Wall Street Zen downgraded shares of BRAEMAR HOTELS & RESORTS from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Friday, March 27th. Finally, Zacks Research raised shares of BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BRAEMAR HOTELS & RESORTS currently has an average rating of “Reduce”.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in BRAEMAR HOTELS & RESORTS by 0.6% during the fourth quarter. Renaissance Technologies LLC now owns 728,900 shares of the company’s stock valued at $2,092,000 after acquiring an additional 4,700 shares during the last quarter. Algert Global LLC lifted its stake in shares of BRAEMAR HOTELS & RESORTS by 24.3% in the 3rd quarter. Algert Global LLC now owns 25,746 shares of the company’s stock valued at $70,000 after purchasing an additional 5,030 shares during the period. BNP Paribas Financial Markets boosted 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 purchasing an additional 6,062 shares in the last quarter. Jane Street Group LLC grew its stake in BRAEMAR HOTELS & RESORTS by 7.5% during the first quarter. Jane Street Group LLC now owns 99,519 shares of the company’s stock worth $248,000 after purchasing an additional 6,942 shares during the period. Finally, AQR Capital Management LLC grew its stake in BRAEMAR HOTELS & RESORTS by 45.9% during the fourth quarter. AQR Capital Management LLC now owns 25,342 shares of the company’s stock worth $73,000 after purchasing an additional 7,973 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

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.