BRAEMAR HOTELS & RESORTS (NYSE:BHR) Upgraded at Zacks Research

Zacks Research upgraded shares of BRAEMAR HOTELS & RESORTS (NYSE:BHR) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

BRAEMAR HOTELS & RESORTS Stock Performance

Shares of NYSE BHR opened at $2.97 on Tuesday. 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 has a one year low of $1.80 and a one year high of $3.28. The business’s 50-day moving average price is $2.87 and its two-hundred day moving average price is $2.69. The company has a market capitalization of $202.27 million, a P/E ratio of -3.41 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BHR. 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 worth $2,092,000 after purchasing an additional 4,700 shares during the period. Algert Global LLC grew its holdings in BRAEMAR HOTELS & RESORTS by 24.3% during the third 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 last quarter. BNP Paribas Financial Markets raised its position in shares of BRAEMAR HOTELS & RESORTS by 94.1% in the third 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 during the period. Jane Street Group LLC lifted its stake in shares of BRAEMAR HOTELS & RESORTS by 7.5% in the first quarter. Jane Street Group LLC now owns 99,519 shares of the company’s stock worth $248,000 after buying an additional 6,942 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in shares of BRAEMAR HOTELS & RESORTS by 5.1% in the third quarter. Gamco Investors INC. ET AL now owns 165,300 shares of the company’s stock worth $451,000 after buying an additional 8,000 shares during the last quarter. 64.79% of the stock is owned by institutional investors.

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.