BRAEMAR HOTELS & RESORTS (NYSE:BHR) Upgraded to Hold at Zacks Research

BRAEMAR HOTELS & RESORTS (NYSE:BHR) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BRAEMAR HOTELS & RESORTS has a consensus rating of “Reduce”.

BRAEMAR HOTELS & RESORTS Stock Performance

NYSE:BHR opened at $3.04 on Tuesday. The firm has a 50-day moving average of $2.86 and a two-hundred day moving average of $2.69. 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 has a market cap of $207.05 million, a P/E ratio of -3.49 and a beta of 0.78. BRAEMAR HOTELS & RESORTS has a 1-year low of $1.80 and a 1-year high of $3.28.

Hedge Funds Weigh In On BRAEMAR HOTELS & RESORTS

Hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its stake in BRAEMAR HOTELS & RESORTS by 958.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,107 shares of the company’s stock valued at $29,000 after buying an additional 9,152 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in shares of BRAEMAR HOTELS & RESORTS in the 4th quarter worth approximately $29,000. Strs Ohio bought a new stake in shares of BRAEMAR HOTELS & RESORTS in the 1st quarter valued at approximately $32,000. BNP Paribas Financial Markets raised its position in shares of BRAEMAR HOTELS & RESORTS by 94.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock valued at $34,000 after acquiring an additional 6,062 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of BRAEMAR HOTELS & RESORTS during the 3rd quarter valued at approximately $38,000. 64.79% of the stock is currently owned by institutional investors and hedge funds.

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.