Braemar Hotels & Resorts (BHR) Upgraded at ValuEngine

Braemar Hotels & Resorts (NYSE:BHR) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

BHR has been the topic of several other reports. Deutsche Bank set a $17.00 target price on shares of Braemar Hotels & Resorts and gave the company a “buy” rating in a research note on Sunday, December 9th. Zacks Investment Research raised shares of Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, December 4th. Robert W. Baird set a $11.00 target price on shares of Braemar Hotels & Resorts and gave the company a “hold” rating in a research note on Monday, November 19th. DA Davidson started coverage on shares of Braemar Hotels & Resorts in a research note on Friday, December 14th. They set a “buy” rating on the stock. Finally, B. Riley set a $14.00 target price on shares of Braemar Hotels & Resorts and gave the company a “buy” rating in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $13.75.

Shares of NYSE:BHR opened at $12.17 on Friday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 4.17 and a current ratio of 4.17. Braemar Hotels & Resorts has a 12-month low of $8.32 and a 12-month high of $12.22. The firm has a market cap of $392.07 million, a price-to-earnings ratio of 7.51, a PEG ratio of 1.41 and a beta of 0.97.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in shares of Braemar Hotels & Resorts by 26.2% in the fourth quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock worth $48,000 after acquiring an additional 1,112 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Braemar Hotels & Resorts by 184.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock worth $97,000 after acquiring an additional 7,014 shares during the last quarter. Symons Capital Management Inc. acquired a new position in shares of Braemar Hotels & Resorts in the fourth quarter worth $103,000. Principal Financial Group Inc. acquired a new position in shares of Braemar Hotels & Resorts in the fourth quarter worth $131,000. Finally, Hancock Whitney Corp acquired a new position in shares of Braemar Hotels & Resorts in the fourth quarter worth $145,000. 77.93% of the stock is currently owned by institutional investors and hedge funds.

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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