The analysts at StockNews.com took coverage of Braemar Hotels & Resorts on Thursday, and they announced their decision to investors in a message sent out that day (NYSE: BHR).
The corporation advised its shareholders to “sell” their stock in the company.
When trading started on Thursday, the price per share of BHR was established at $4.27.
The lowest price that the stock of Braemar Hotels & Resorts has been in the past year is $3.41, while the highest price that the stock has been in the past year is $6.64.
A moving average of $4.52 has been calculated for the company over the previous 200 days, and a moving average of $4.87 for the most recent fifty days.
These numbers can also be expressed as a debt-to-equity ratio of 2.97, a quick ratio of 3.81, or a current ratio of 3.81.
All three of these ratios have the same value.
The company’s market capitalization is currently sitting at $285.96 million, its price-to-earnings ratio is -35.58, and its beta is 2.34.
Several other equity research analysts have disclosed the results of their investigations concerning the company. Oppenheimer released a research study on Braemar Hotels & Resorts on March 1st.
The study focused on the company’s financial performance.
The recommendation in the report was to “outperform,” and the price target was reduced from $7.50 to $7.00.
B. Riley reduced their price target for Braemar Hotels & Resorts, which they had previously set at $9.00, to $8.00 in a research note published on Tuesday, March 7th.
The company’s stock also received a recommendation to “buy” from the company.
During recent years, significant shareholders in the company have been active in taking action to bring about change. Nomura Asset Management Co Ltd increased the proportion of ownership it held in Braemar Hotels & Resorts by 18.3 percent over the third quarter.
The number of shares held by Nomura Asset Management Co Ltd has increased by 9,000 due to acquisitions made throughout the period.
This brings the company’s total number of shares to 58,100, and each share is currently worth $250,000.
During the third quarter of this year, Braemar Hotels & Resorts received an investment of $43,000 from Brookstone Capital Management.
This investment represented a new holding for the company.
Martingale Asset Management L.P.
Increased the percentage of ownership it had in Braemar Hotels & Resorts by 92.7% during the year’s second quarter.
Martingale Asset Management L.P. now directly owns 166,927 shares in the company, which have a total value of $717,000 thanks to the purchase of an additional 80,280 shares during the most recent fiscal quarter.
During the third quarter, Rockefeller Capital Management L.P.
Increased the ownership stake already held in Braemar Hotels & Resorts by an additional three percent by purchasing additional shares.
After purchasing an additional 2,500 shares during the most recent quarter, Rockefeller Capital Management L.P. now has 87,000 shares of the company’s stock, currently valued at $374,000.
During the most recent quarter, these shares were acquired.
Last but not least, during the second quarter of 2018, Janney Montgomery Scott LLC increased its ownership stake in Braemar Hotels & Resorts by 69.4%.
This certainly should not be considered the least important of these three points. Janney Montgomery Scott LLC now owns 34,650 shares in the company, which have a value of $157,000 after the purchase of 14,200 additional shares during the most recent fiscal quarter. Janney Montgomery Scott LLC purchased these shares.
The majority of the company’s stock, or 75.24 percent, is held in institutional investors’ portfolios.
Braemar Hotels & Resorts’ investments are in high-RevPAR, full-service, luxury hotels and resorts.
These types of properties offer a high level of guest satisfaction.
A real estate investment trust (REIT) with a conservative capitalization is Braemar Hotels & Resorts. Our stock can be found listed on the New York Stock Exchange under the ticker symbol BHR.
Ashford is a company that provides impartial advice (NYSE American: AINC).