Chicago Equity Partners LLC lowered its position in shares of Braemar Hotels & Resorts (NYSE:BHR) by 47.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 129,650 shares of the company’s stock after selling 116,905 shares during the quarter. Chicago Equity Partners LLC owned about 0.40% of Braemar Hotels & Resorts worth $1,158,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of BHR. State of Alaska Department of Revenue purchased a new position in shares of Braemar Hotels & Resorts during the third quarter worth approximately $109,000. Schroder Investment Management Group acquired a new stake in Braemar Hotels & Resorts in the second quarter valued at $128,000. KBC Group NV acquired a new stake in Braemar Hotels & Resorts in the fourth quarter valued at $167,000. Voya Investment Management LLC acquired a new stake in Braemar Hotels & Resorts in the second quarter valued at $176,000. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Braemar Hotels & Resorts during the 3rd quarter worth $254,000. Institutional investors and hedge funds own 77.93% of the company’s stock.
BHR stock traded down $0.42 during midday trading on Monday, reaching $11.88. 533,700 shares of the company’s stock traded hands, compared to its average volume of 204,757. The stock has a market capitalization of $383.48 million, a price-to-earnings ratio of 7.76, a P/E/G ratio of 1.53 and a beta of 0.97. Braemar Hotels & Resorts has a 1-year low of $8.32 and a 1-year high of $13.74. 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 (NYSE:BHR) last released its earnings results on Wednesday, February 27th. The company reported ($0.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.19). Braemar Hotels & Resorts had a net margin of 9.08% and a return on equity of 10.28%. On average, equities analysts expect that Braemar Hotels & Resorts will post 1.4 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the company. ValuEngine raised Braemar Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research upgraded Braemar Hotels & Resorts from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Wednesday, February 6th. Deutsche Bank lifted their price target on Braemar Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, March 1st. Robert W. Baird set a $11.00 price target on Braemar Hotels & Resorts and gave the stock a “hold” rating in a research report on Monday, November 19th. Finally, DA Davidson started coverage on Braemar Hotels & Resorts in a research report on Friday, December 14th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $14.50.
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Braemar Hotels & Resorts 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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