Braemar Hotels & Resorts (NYSE:BHR) Earns Outperform Rating from Analysts at Oppenheimer

Equities researchers at Oppenheimer assumed coverage on shares of Braemar Hotels & Resorts (NYSE:BHR – Get Rating) in a research note issued to investors on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Braemar Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a $6.75 price target for the company in a research report on Wednesday, March 9th. StockNews.com initiated coverage on Braemar Hotels & Resorts in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $9.44.

Shares of BHR traded down $0.03 during trading hours on Thursday, hitting $6.11. The company had a trading volume of 9,554 shares, compared to its average volume of 480,943. The firm has a fifty day moving average price of $5.98 and a 200-day moving average price of $5.39. The company has a debt-to-equity ratio of 3.07, a quick ratio of 3.30 and a current ratio of 3.30. The stock has a market capitalization of $399.28 million, a price-to-earnings ratio of -7.54 and a beta of 2.65. Braemar Hotels & Resorts has a 52-week low of $4.18 and a 52-week high of $7.25.

In other Braemar Hotels & Resorts news, CFO Deric S. Eubanks sold 31,241 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $5.66, for a total transaction of $176,824.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark Nunneley purchased 9,000 shares of the business’s stock in a transaction on Wednesday, March 30th. The shares were purchased at an average price of $22.50 per share, with a total value of $202,500.00. The disclosure for this purchase can be found here. 4.70% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Braemar Hotels & Resorts by 4.5% during the 3rd quarter. BlackRock Inc. now owns 10,640,304 shares of the company’s stock valued at $51,605,000 after acquiring an additional 453,404 shares during the period. UBS Group AG grew its stake in shares of Braemar Hotels & Resorts by 12.0% during the 3rd quarter. UBS Group AG now owns 963,410 shares of the company’s stock valued at $4,672,000 after acquiring an additional 103,558 shares during the period. Geode Capital Management LLC grew its stake in shares of Braemar Hotels & Resorts by 16.9% during the 4th quarter. Geode Capital Management LLC now owns 888,726 shares of the company’s stock valued at $4,532,000 after acquiring an additional 128,685 shares during the period. Balyasny Asset Management LLC bought a new position in shares of Braemar Hotels & Resorts during the 3rd quarter valued at approximately $3,682,000. Finally, State Street Corp grew its stake in shares of Braemar Hotels & Resorts by 9.6% during the 4th quarter. State Street Corp now owns 755,994 shares of the company’s stock valued at $3,856,000 after acquiring an additional 66,334 shares during the period. Institutional investors and hedge funds own 70.14% of the company’s stock.

Braemar Hotels & Resorts Company Profile (Get Rating)

Braemar Hotels & Resorts is a conservatively capitalized REIT that invests primarily in high RevPAR, full-service luxury hotels and resorts. We are listed on the New York Stock Exchange under the symbol BHR and are externally-advised by Ashford (NYSE American: AINC).

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