Wall Street Zen Downgrades BRAEMAR HOTELS & RESORTS (NYSE:BHR) to Sell

BRAEMAR HOTELS & RESORTS (NYSE:BHR) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other equities research analysts have also issued research reports about the stock. Zacks Research raised shares of 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 research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

BRAEMAR HOTELS & RESORTS Stock Performance

NYSE BHR opened at $2.50 on Friday. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.64 and a quick ratio of 1.64. The stock’s 50 day simple moving average is $2.89 and its 200-day simple moving average is $2.79. The company has a market cap of $170.75 million, a PE ratio of -2.34 and a beta of 0.71. BRAEMAR HOTELS & RESORTS has a 1-year low of $1.80 and a 1-year high of $3.19.

BRAEMAR HOTELS & RESORTS (NYSE:BHR) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.62). BRAEMAR HOTELS & RESORTS had a negative return on equity of 10.06% and a negative net margin of 3.17%.The firm had revenue of $165.56 million for the quarter, compared to analysts’ expectations of $147.20 million. As a group, equities research analysts anticipate that BRAEMAR HOTELS & RESORTS will post 0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHR. Harbor Capital Advisors Inc. increased its stake in shares of BRAEMAR HOTELS & RESORTS by 958.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 10,107 shares of the company’s stock worth $29,000 after acquiring an additional 9,152 shares during the last quarter. Kathmere Capital Management LLC acquired a new position in shares of BRAEMAR HOTELS & RESORTS during the 4th quarter valued at about $29,000. Quadrature Capital Ltd purchased a new stake in shares of BRAEMAR HOTELS & RESORTS in the fourth quarter valued at about $30,000. Strs Ohio purchased a new stake in shares of BRAEMAR HOTELS & RESORTS in the first quarter valued at about $32,000. Finally, BNP Paribas Financial Markets increased its position in 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 purchasing an additional 6,062 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

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.