Deutsche Bank Reiterates Buy Rating for Braemar Hotels & Resorts (NYSE:BHR)

Braemar Hotels & Resorts (NYSE:BHR)‘s stock had its “buy” rating reissued by analysts at Deutsche Bank in a research note issued on Friday, AnalystRatings.com reports. They presently have a $6.00 price objective on the stock. Deutsche Bank’s target price would indicate a potential upside of 145.90% from the company’s current price.

Several other research analysts have also commented on BHR. Zacks Investment Research lowered Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, June 8th. B. Riley lowered Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $4.50 target price for the company. in a research report on Friday, June 5th. Finally, ValuEngine upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $6.83.

BHR opened at $2.44 on Friday. The firm has a market cap of $81.83 million, a P/E ratio of 24.40 and a beta of 2.73. Braemar Hotels & Resorts has a 12 month low of $1.14 and a 12 month high of $10.39. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 3.43. The stock has a 50-day moving average of $2.87 and a 200 day moving average of $4.30.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings results on Thursday, July 30th. The company reported ($1.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.88). The company had revenue of $12.90 million during the quarter, compared to analysts’ expectations of $16.47 million. Braemar Hotels & Resorts had a negative return on equity of 3.21% and a negative net margin of 2.43%. On average, research analysts forecast that Braemar Hotels & Resorts will post -0.99 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Braemar Hotels & Resorts by 13.7% during the first quarter. JPMorgan Chase & Co. now owns 734,269 shares of the company’s stock valued at $1,248,000 after buying an additional 88,462 shares during the period. State Street Corp boosted its position in shares of Braemar Hotels & Resorts by 4.8% during the first quarter. State Street Corp now owns 684,706 shares of the company’s stock valued at $1,164,000 after buying an additional 31,345 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Braemar Hotels & Resorts by 34.0% in the first quarter. AQR Capital Management LLC now owns 524,457 shares of the company’s stock valued at $892,000 after purchasing an additional 133,091 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Braemar Hotels & Resorts by 6.9% in the first quarter. Geode Capital Management LLC now owns 455,591 shares of the company’s stock valued at $774,000 after purchasing an additional 29,425 shares during the period. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Braemar Hotels & Resorts by 156.5% in the first quarter. Wedge Capital Management L L P NC now owns 409,773 shares of the company’s stock valued at $697,000 after purchasing an additional 250,025 shares during the period. Institutional investors and hedge funds own 58.98% of the company’s stock.

About Braemar Hotels & 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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