Braemar Hotel & Resorts (NYSE:BHR) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other research firms have also recently commented on BHR. B. Riley lifted their price objective on Braemar Hotel & Resorts from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. Zacks Investment Research cut Braemar Hotel & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Deutsche Bank set a $15.00 price objective on Braemar Hotel & Resorts and gave the stock a “buy” rating in a research report on Monday, August 6th.

Braemar Hotel & Resorts stock opened at $10.01 on Thursday. The stock has a market cap of $382.55 million, a P/E ratio of 6.41 and a beta of 0.81. Braemar Hotel & Resorts has a 52 week low of $8.44 and a 52 week high of $12.10. The company has a debt-to-equity ratio of 2.61, a current ratio of 4.62 and a quick ratio of 4.62.

Braemar Hotel & Resorts (NYSE:BHR) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.09. The firm had revenue of $121.12 million during the quarter, compared to analysts’ expectations of $120.22 million. Braemar Hotel & Resorts had a return on equity of 10.61% and a net margin of 9.30%. As a group, sell-side analysts forecast that Braemar Hotel & Resorts will post 1.48 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of BHR. Spirit of America Management Corp NY purchased a new stake in Braemar Hotel & Resorts in the 2nd quarter valued at about $267,000. RMR Advisors LLC purchased a new stake in Braemar Hotel & Resorts in the 2nd quarter valued at about $1,748,000. BNP Paribas Arbitrage SA purchased a new stake in Braemar Hotel & Resorts in the 2nd quarter valued at about $105,000. State of New Jersey Common Pension Fund D purchased a new stake in Braemar Hotel & Resorts in the 2nd quarter valued at about $3,467,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Braemar Hotel & Resorts in the 2nd quarter valued at about $699,000. Institutional investors own 73.81% of the company’s stock.

About Braemar Hotel & Resorts

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: Cash Flow

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Braemar Hotel & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braemar Hotel & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.