ValuEngine Downgrades Braemar Hotel & Resorts (BHR) to Sell

Braemar Hotel & Resorts (NYSE:BHR) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other research firms also recently commented on BHR. Zacks Investment Research raised Braemar Hotel & Resorts from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Monday, July 9th. Deutsche Bank set a $15.00 target price on Braemar Hotel & Resorts and gave the company a “buy” rating in a report on Monday, August 6th. Finally, B. Riley raised their target price on Braemar Hotel & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a report on Monday, August 6th.

Shares of NYSE BHR opened at $10.01 on Thursday. The company has a debt-to-equity ratio of 2.61, a current ratio of 4.62 and a quick ratio of 4.62. Braemar Hotel & Resorts has a 1-year low of $8.44 and a 1-year high of $12.10. The firm has a market cap of $382.55 million, a P/E ratio of 6.41 and a beta of 0.81.

Braemar Hotel & Resorts (NYSE:BHR) last released its earnings results on Wednesday, August 1st. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. Braemar Hotel & Resorts had a return on equity of 10.61% and a net margin of 9.30%. The company had revenue of $121.12 million during the quarter, compared to the consensus estimate of $120.22 million. On average, sell-side analysts predict that Braemar Hotel & Resorts will post 1.48 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in BHR. BNP Paribas Arbitrage SA acquired a new position in shares of Braemar Hotel & Resorts during the 2nd quarter worth $105,000. State of Alaska Department of Revenue acquired a new position in shares of Braemar Hotel & Resorts during the 3rd quarter worth $109,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Braemar Hotel & Resorts during the 2nd quarter worth $120,000. Schroder Investment Management Group acquired a new position in shares of Braemar Hotel & Resorts during the 2nd quarter worth $128,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Braemar Hotel & Resorts during the 2nd quarter worth $151,000. 73.81% of the stock is owned by institutional investors and hedge funds.

About Braemar Hotel & Resorts

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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