Braemar Hotels & Resorts (NYSE:BHR) – DA Davidson issued their Q3 2020 earnings per share (EPS) estimates for shares of Braemar Hotels & Resorts in a report issued on Monday, September 21st. DA Davidson analyst B. Oxford expects that the company will post earnings per share of ($0.27) for the quarter. DA Davidson also issued estimates for Braemar Hotels & Resorts’ FY2020 earnings at ($0.89) EPS and FY2021 earnings at $0.16 EPS.

BHR has been the subject of several other research reports. ValuEngine raised shares of Braemar Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. Deutsche Bank reissued a “buy” rating and issued a $6.00 price target (up previously from $5.00) on shares of Braemar Hotels & Resorts in a research report on Friday, July 31st. Zacks Investment Research cut shares of Braemar Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, June 8th. Finally, B. Riley cut shares of Braemar Hotels & Resorts from a “buy” rating to a “neutral” rating and set a $4.50 price target for the company. in a research report on Friday, June 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.83.

Shares of BHR stock opened at $2.38 on Thursday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 3.73. Braemar Hotels & Resorts has a 52 week low of $1.14 and a 52 week high of $10.39. The stock has a market capitalization of $79.80 million, a PE ratio of -1.25 and a beta of 2.61. The firm has a 50 day moving average of $2.55 and a two-hundred day moving average of $2.76.

Braemar Hotels & Resorts (NYSE:BHR) last released its quarterly earnings data on Thursday, July 30th. The company reported ($1.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.53) by ($0.88). Braemar Hotels & Resorts had a negative net margin of 13.71% and a negative return on equity of 14.83%. The business had revenue of $12.90 million during the quarter, compared to analyst estimates of $16.47 million.

A number of large investors have recently made changes to their positions in BHR. Rhumbline Advisers raised its stake in Braemar Hotels & Resorts by 10.8% during the 1st quarter. Rhumbline Advisers now owns 58,055 shares of the company’s stock worth $99,000 after acquiring an additional 5,654 shares in the last quarter. State Street Corp raised its stake in Braemar Hotels & Resorts by 4.8% during the 1st quarter. State Street Corp now owns 684,706 shares of the company’s stock worth $1,164,000 after acquiring an additional 31,345 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Braemar Hotels & Resorts by 13.7% during the 1st quarter. JPMorgan Chase & Co. now owns 734,269 shares of the company’s stock worth $1,248,000 after acquiring an additional 88,462 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Braemar Hotels & Resorts during the 1st quarter worth $27,000. Finally, Alliancebernstein L.P. raised its stake in Braemar Hotels & Resorts by 44.2% during the 1st quarter. Alliancebernstein L.P. now owns 59,866 shares of the company’s stock worth $102,000 after acquiring an additional 18,350 shares in the last quarter. Hedge funds and other institutional investors own 44.30% of the company’s stock.

Braemar Hotels & Resorts Company Profile

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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Earnings History and Estimates for Braemar Hotels & Resorts (NYSE:BHR)

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