BRAEMAR HOTELS & RESORTS (NYSE:BHR) Stock Price Down 2.6% – Here’s Why

Shares of BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) dropped 2.6% on Monday . The company traded as low as $2.03 and last traded at $2.0250. 515,784 shares were traded during trading, a decline of 2% from the average daily volume of 526,414 shares. The stock had previously closed at $2.08.

Analyst Ratings Changes

BHR has been the subject of several research analyst reports. Wall Street Zen upgraded BRAEMAR HOTELS & RESORTS from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird lowered their target price on BRAEMAR HOTELS & RESORTS from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, BRAEMAR HOTELS & RESORTS has a consensus rating of “Reduce” and an average price target of $2.00.

BRAEMAR HOTELS & RESORTS Stock Performance

The company has a debt-to-equity ratio of 7.45, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $139.08 million, a P/E ratio of -2.11 and a beta of 0.77. The stock’s 50 day moving average is $2.44 and its two-hundred day moving average is $2.64.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.68. BRAEMAR HOTELS & RESORTS had a negative net margin of 2.24% and a negative return on equity of 8.68%. The business had revenue of $208.98 million for the quarter, compared to analyst estimates of $201.97 million. As a group, equities analysts anticipate that BRAEMAR HOTELS & RESORTS INC. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BRAEMAR HOTELS & RESORTS

A number of institutional investors have recently made changes to their positions in BHR. Jane Street Group LLC increased its holdings in BRAEMAR HOTELS & RESORTS by 7.5% in the first quarter. Jane Street Group LLC now owns 99,519 shares of the company’s stock valued at $248,000 after purchasing an additional 6,942 shares during the last quarter. Strs Ohio bought a new position in BRAEMAR HOTELS & RESORTS during the first quarter worth about $32,000. Arrowstreet Capital Limited Partnership grew its position in shares of BRAEMAR HOTELS & RESORTS by 12.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 372,613 shares of the company’s stock worth $913,000 after buying an additional 41,472 shares during the period. Vanguard Group Inc. grew its position in shares of BRAEMAR HOTELS & RESORTS by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,456,675 shares of the company’s stock worth $9,437,000 after buying an additional 13,469 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of BRAEMAR HOTELS & RESORTS by 25.2% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 45,551 shares of the company’s stock valued at $124,000 after acquiring an additional 9,161 shares during the last quarter. 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.