Braemar Hotels & Resorts (NYSE:BHR – Get Rating) had its price target trimmed by B. Riley from $9.00 to $8.00 in a research note issued to investors on Tuesday, The Fly reports.
Separately, Oppenheimer dropped their target price on shares of Braemar Hotels & Resorts from $7.50 to $7.00 and set an outperform rating on the stock in a report on Wednesday, March 1st.
Braemar Hotels & Resorts Stock Down 0.6 %
Shares of BHR stock opened at $4.65 on Tuesday. The company has a debt-to-equity ratio of 2.97, a quick ratio of 3.81 and a current ratio of 3.81. The firm’s 50-day moving average is $4.83 and its 200-day moving average is $4.56. The stock has a market cap of $311.41 million, a price-to-earnings ratio of -38.75 and a beta of 2.34. Braemar Hotels & Resorts has a 52-week low of $3.41 and a 52-week high of $6.64.
Braemar Hotels & Resorts Announces Dividend
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of BHR. Bank of New York Mellon Corp raised its holdings in Braemar Hotels & Resorts by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 267,145 shares of the company’s stock valued at $1,651,000 after acquiring an additional 15,797 shares during the period. MetLife Investment Management LLC raised its holdings in Braemar Hotels & Resorts by 1,348.1% in the 1st quarter. MetLife Investment Management LLC now owns 24,401 shares of the company’s stock valued at $151,000 after acquiring an additional 22,716 shares during the period. Panagora Asset Management Inc. grew its position in shares of Braemar Hotels & Resorts by 155.5% during the 1st quarter. Panagora Asset Management Inc. now owns 168,085 shares of the company’s stock worth $1,039,000 after purchasing an additional 102,311 shares in the last quarter. Rhumbline Advisers grew its position in shares of Braemar Hotels & Resorts by 22.1% during the 1st quarter. Rhumbline Advisers now owns 122,024 shares of the company’s stock worth $754,000 after purchasing an additional 22,052 shares in the last quarter. Finally, LSV Asset Management grew its position in shares of Braemar Hotels & Resorts by 214.4% during the 1st quarter. LSV Asset Management now owns 611,372 shares of the company’s stock worth $3,778,000 after purchasing an additional 416,934 shares in the last quarter. 75.24% of the stock is owned by institutional investors.
About Braemar Hotels & 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).
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