Braemar Hotels & Resorts (NYSE:BHR) Expected to Post Earnings of $0.20 Per Share

Equities analysts forecast that Braemar Hotels & Resorts (NYSE:BHR – Get Rating) will report earnings of $0.20 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Braemar Hotels & Resorts’ earnings. The highest EPS estimate is $0.22 and the lowest is $0.19. Braemar Hotels & Resorts also reported earnings per share of $0.20 during the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Braemar Hotels & Resorts will report full year earnings of $0.77 per share for the current year, with EPS estimates ranging from $0.76 to $0.77. For the next fiscal year, analysts forecast that the company will post earnings of $0.99 per share, with EPS estimates ranging from $0.87 to $1.18. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Braemar Hotels & Resorts.

A number of brokerages recently commented on BHR. Oppenheimer initiated coverage on Braemar Hotels & Resorts in a report on Thursday, April 21st. They set an “outperform” rating and a $9.00 target price for the company. StockNews.com began coverage on shares of Braemar Hotels & Resorts in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research downgraded shares of Braemar Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Braemar Hotels & Resorts presently has an average rating of “Buy” and an average target price of $9.35.

In other Braemar Hotels & Resorts news, CAO Mark Nunneley purchased 9,000 shares of the firm’s stock in a transaction on Wednesday, March 30th. The stock was bought at an average cost of $22.50 per share, with a total value of $202,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Deric S. Eubanks sold 31,241 shares of the company’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $5.66, for a total value of $176,824.06. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of Braemar Hotels & Resorts by 164.2% in the 1st quarter. Renaissance Technologies LLC now owns 385,011 shares of the company’s stock valued at $2,379,000 after purchasing an additional 239,311 shares during the last quarter. Prudential Financial Inc. increased its position in Braemar Hotels & Resorts by 129.9% during the first quarter. Prudential Financial Inc. now owns 145,696 shares of the company’s stock worth $900,000 after buying an additional 82,320 shares during the period. Mackenzie Financial Corp purchased a new stake in Braemar Hotels & Resorts in the first quarter valued at approximately $66,000. Vanguard Group Inc. boosted its holdings in shares of Braemar Hotels & Resorts by 9.7% in the first quarter. Vanguard Group Inc. now owns 3,087,456 shares of the company’s stock valued at $19,080,000 after acquiring an additional 274,198 shares during the period. Finally, EAM Investors LLC purchased a new position in shares of Braemar Hotels & Resorts during the first quarter worth approximately $1,454,000. Institutional investors and hedge funds own 68.99% of the company’s stock.

Shares of NYSE BHR traded up $0.05 during trading on Friday, reaching $5.49. The stock had a trading volume of 698,641 shares, compared to its average volume of 571,052. The company has a debt-to-equity ratio of 2.97, a quick ratio of 3.30 and a current ratio of 2.52. The company has a market cap of $391.27 million, a P/E ratio of -14.45 and a beta of 2.48. Braemar Hotels & Resorts has a fifty-two week low of $4.18 and a fifty-two week high of $6.73. The business’s 50-day moving average price is $5.96 and its 200-day moving average price is $5.52.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Thursday, March 31st were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Wednesday, March 30th. Braemar Hotels & Resorts’s dividend payout ratio is presently -10.53%.

Braemar Hotels & Resorts Company Profile (Get Rating)

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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