Earnings per share of $0.25 expected for Braemar Hotels & Resorts (NYSE:BHR) this quarter
Analysts expect Braemar Hotels & Resorts (NYSE: BHR – Get a rating) will report earnings per share of $0.25 for the current quarter, according to Zacks. Three analysts made earnings estimates for Braemar Hotels & Resorts, with the highest EPS estimate of $0.33 and the lowest estimate of $0.17. Braemar Hotels & Resorts posted earnings per share of $0.20 in the same quarter last year, which would indicate a positive growth rate of 25% year over year. The company is due to announce its next results on Monday, January 1.
On average, analysts expect Braemar Hotels & Resorts to report annual earnings of $1.05 per share for the current year, with EPS estimates ranging from $0.91 to $1.23. For the next fiscal year, analysts expect the company to post earnings of $1.07 per share, with EPS estimates ranging from $0.81 to $1.33. Zacks Investment Research earnings per share averages are an average based on a survey of sell-side research companies that track Braemar Hotels & Resorts.
Several research analysts have recently published reports on the company. Oppenheimer assumed coverage of Braemar Hotels & Resorts in a Thursday, April 21 research note. They set an “outperform” rating and a price target of $9.00 for the company. B. Riley reaffirmed a “buy” rating and set a price target of $11.00 (down from $10.00 previously) on shares of Braemar Hotels & Resorts in a Monday, May 16 research note. Deutsche Bank Aktiengesellschaft raised its price target on shares of Braemar Hotels & Resorts from $15.00 to $16.00 in a Wednesday, May 18 research report. StockNews.com began covering shares of Braemar Hotels & Resorts in a research report on Thursday, March 31. They issued a “holding” rating on the stock. To finish, Zacks Investment Research upgraded Braemar Hotels & Resorts from a “buy” rating to a “hold” rating in a report released Wednesday. Three investment analysts gave the stock a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $9.80.
BHR Stock traded at $0.27 during Friday’s trading, reaching $5.82. The company had a trading volume of 483,056 shares, compared to an average volume of 533,942. The company has a market capitalization of $414.79 million, a PE ratio of -15.32 and a beta of 2.48 . The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt ratio of 2.97. The company has a 50-day moving average price of $5.87 and a 200-day moving average price of $5.52. Braemar Hotels & Resorts has a 1-year minimum of $4.18 and a 1-year maximum of $6.73.
The company also recently declared a quarterly dividend, which was paid on Friday, April 15. Shareholders of record on Thursday, March 31 received a dividend of $0.01. The ex-dividend date was Wednesday, March 30. This represents an annualized dividend of $0.04 and a yield of 0.69%. Braemar Hotels & Resorts’ dividend payout ratio (DPR) is currently -10.53%.
Separately, CAO Mark Nunneley purchased 9,000 shares of the company in a trade that took place on Wednesday, March 30. The shares were purchased at an average price of $22.50 per share, with a total value of $202,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Chief Financial Officer Deric S. Eubanks sold 31,241 shares of the company in a transaction that took place on Monday, March 14. The stock was sold at an average price of $5.66, for a total transaction of $176,824.06. Disclosure of this sale can be found here. Insiders hold 4.70% of the shares of the company.
A number of institutional investors have recently shifted their BHR holdings. Zazove Associates LLC acquired a new position in Braemar Hotels & Resorts in the first quarter worth $12,350,000. Balyasny Asset Management LLC acquired a new stake in Braemar Hotels & Resorts during Q3 valued at approximately $3,682,000. BlackRock Inc. increased its position in Braemar Hotels & Resorts by 4.5% during the third quarter. BlackRock Inc. now owns 10,640,304 shares of the company worth $51,605,000 after purchasing an additional 453,404 shares in the last quarter. LSV Asset Management increased its position in Braemar Hotels & Resorts by 214.4% during the 1st quarter. LSV Asset Management now owns 611,372 shares of the company worth $3,778,000 after purchasing an additional 416,934 shares last quarter. Finally, Morgan Stanley increased its position in Braemar Hotels & Resorts by 632.5% during the 2nd quarter. Morgan Stanley now owns 394,732 shares of the company worth $2,451,000 after buying an additional 340,845 shares last quarter. Hedge funds and other institutional investors own 68.99% of the company’s shares.
Company Profile Braemar Hotels & Resorts (Get a rating)
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 advised by Ashford (NYSE American: AINC).
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