Braemar Hotels & Resorts (NYSE:BHR) Expected to Post Quarterly Sales of $149.23 Million

Brokerages forecast that Braemar Hotels & Resorts (NYSE:BHRGet Rating) will report sales of $149.23 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Braemar Hotels & Resorts’ earnings, with the highest sales estimate coming in at $166.30 million and the lowest estimate coming in at $140.19 million. Braemar Hotels & Resorts reported sales of $97.11 million during the same quarter last year, which indicates a positive year-over-year growth rate of 53.7%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Braemar Hotels & Resorts will report full year sales of $597.36 million for the current fiscal year, with estimates ranging from $561.34 million to $668.44 million. For the next year, analysts expect that the business will post sales of $657.87 million, with estimates ranging from $616.10 million to $721.94 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Braemar Hotels & Resorts.

Several equities analysts have issued reports on BHR shares. Zacks Investment Research lowered shares of Braemar Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Oppenheimer began coverage on shares of Braemar Hotels & Resorts in a report on Thursday, April 21st. They set an “outperform” rating and a $9.00 price objective on the stock. Finally, StockNews.com started coverage on shares of Braemar Hotels & Resorts in a report on Thursday, March 31st. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $9.35.

Braemar Hotels & Resorts stock opened at $5.95 on Monday. The company has a market capitalization of $388.83 million, a P/E ratio of -15.66 and a beta of 2.48. The company’s 50 day moving average is $5.99. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 3.07. Braemar Hotels & Resorts has a fifty-two week low of $4.18 and a fifty-two week high of $7.10.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.04 annualized dividend and a yield of 0.67%. Braemar Hotels & Resorts’s dividend payout ratio is presently -10.53%.

In related news, CFO Deric S. Eubanks sold 31,241 shares of the stock in a transaction on Monday, March 14th. The shares were sold at an average price of $5.66, for a total value of $176,824.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark Nunneley bought 9,000 shares of Braemar Hotels & Resorts stock in a transaction dated Wednesday, March 30th. The stock was 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 corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley lifted its stake in shares of Braemar Hotels & Resorts by 632.5% in the second quarter. Morgan Stanley now owns 394,732 shares of the company’s stock valued at $2,451,000 after purchasing an additional 340,845 shares during the period. Bank of America Corp DE raised its position in Braemar Hotels & Resorts by 330.3% during the second quarter. Bank of America Corp DE now owns 120,571 shares of the company’s stock worth $749,000 after acquiring an additional 92,550 shares during the last quarter. SG Americas Securities LLC acquired a new position in Braemar Hotels & Resorts during the third quarter worth about $161,000. Raymond James & Associates grew its holdings in shares of Braemar Hotels & Resorts by 107.9% during the third quarter. Raymond James & Associates now owns 57,800 shares of the company’s stock worth $280,000 after buying an additional 30,000 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Braemar Hotels & Resorts by 14.8% during the third quarter. Deutsche Bank AG now owns 30,335 shares of the company’s stock worth $147,000 after buying an additional 3,917 shares in the last quarter. Institutional investors own 68.99% 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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