Braemar Hotels & Resorts (BHR) Downgraded to Hold at Zacks Investment Research

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Braemar Hotels & Resorts (NYSE:BHR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Braemar Hotels & Resorts Inc. operates as a real estate investment trust. It focused on investing in luxury hotels and resorts. Braemar Hotels & Resorts Inc., formerly known as Ashford Hospitality Prime is based in Texas, United States. “

Other equities analysts have also recently issued reports about the company. Deutsche Bank set a $17.00 price target on Braemar Hotels & Resorts and gave the company a “buy” rating in a research report on Sunday, December 9th. ValuEngine upgraded Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Saturday, December 15th. B. Riley set a $14.00 price target on Braemar Hotels & Resorts and gave the company a “buy” rating in a research report on Friday, November 2nd. DA Davidson assumed coverage on Braemar Hotels & Resorts in a research report on Friday, December 14th. They issued a “buy” rating for the company. Finally, Robert W. Baird set a $11.00 price target on Braemar Hotels & Resorts and gave the company a “hold” rating in a research report on Monday, November 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Braemar Hotels & Resorts has an average rating of “Buy” and an average target price of $13.75.

Shares of BHR traded up $0.13 during mid-day trading on Monday, hitting $11.80. The stock had a trading volume of 152,590 shares, compared to its average volume of 158,739. The firm has a market cap of $379.42 million, a PE ratio of 7.28, a PEG ratio of 1.39 and a beta of 0.97. The company has a debt-to-equity ratio of 2.69, a current ratio of 4.17 and a quick ratio of 4.17. Braemar Hotels & Resorts has a 52 week low of $8.32 and a 52 week high of $12.10.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Braemar Hotels & Resorts by 6.3% during the third quarter. Vanguard Group Inc. now owns 3,286,735 shares of the company’s stock worth $38,685,000 after buying an additional 195,469 shares in the last quarter. Vanguard Group Inc grew its position in Braemar Hotels & Resorts by 6.3% during the third quarter. Vanguard Group Inc now owns 3,286,735 shares of the company’s stock worth $38,685,000 after buying an additional 195,469 shares in the last quarter. BlackRock Inc. grew its position in Braemar Hotels & Resorts by 4.4% during the fourth quarter. BlackRock Inc. now owns 2,373,342 shares of the company’s stock worth $21,194,000 after buying an additional 100,968 shares in the last quarter. LSV Asset Management grew its position in Braemar Hotels & Resorts by 8.0% during the fourth quarter. LSV Asset Management now owns 1,152,421 shares of the company’s stock worth $10,291,000 after buying an additional 85,819 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Braemar Hotels & Resorts during the second quarter worth about $5,455,000. Institutional investors and hedge funds own 77.82% 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).

See Also: Growth Stocks

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