Penn Capital Management Company LLC Makes New Investment in BRAEMAR HOTELS & RESORTS INC. $BHR

Penn Capital Management Company LLC acquired a new position in shares of BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) in the 3rd quarter, HoldingsChannel reports. The fund acquired 294,343 shares of the company’s stock, valued at approximately $804,000.

A number of other hedge funds have also made changes to their positions in BHR. Strs Ohio acquired a new stake in BRAEMAR HOTELS & RESORTS during the first quarter worth approximately $32,000. BNP Paribas Financial Markets grew its position in shares of BRAEMAR HOTELS & RESORTS by 94.1% during the third quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock worth $34,000 after acquiring an additional 6,062 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in BRAEMAR HOTELS & RESORTS during the 3rd quarter worth $38,000. Franklin Resources Inc. purchased a new stake in shares of BRAEMAR HOTELS & RESORTS in the third quarter valued at about $42,000. Finally, Quinn Opportunity Partners LLC acquired a new position in BRAEMAR HOTELS & RESORTS in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

BRAEMAR HOTELS & RESORTS Stock Down 5.1%

Shares of NYSE BHR opened at $2.42 on Thursday. The firm’s 50-day moving average is $2.87 and its two-hundred day moving average is $2.79. The company has a market capitalization of $166.14 million, a PE ratio of -2.26 and a beta of 0.71. BRAEMAR HOTELS & RESORTS INC. has a 12-month low of $1.80 and a 12-month high of $3.19. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.64 and a quick ratio of 1.64.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.62). BRAEMAR HOTELS & RESORTS had a negative return on equity of 13.42% 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. Equities analysts anticipate that BRAEMAR HOTELS & RESORTS INC. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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