Wall Street analysts expect Braemar Hotels & Resorts (NYSE:BHR) to post $124.63 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Braemar Hotels & Resorts’ earnings, with the highest sales estimate coming in at $129.81 million and the lowest estimate coming in at $121.86 million. Braemar Hotels & Resorts reported sales of $121.12 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, July 31st.

On average, analysts expect that Braemar Hotels & Resorts will report full year sales of $486.48 million for the current year, with estimates ranging from $474.34 million to $503.86 million. For the next financial year, analysts forecast that the company will post sales of $513.65 million, with estimates ranging from $484.43 million to $562.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Braemar Hotels & Resorts.

Braemar Hotels & Resorts (NYSE:BHR) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.49). The business had revenue of $128.51 million for the quarter, compared to the consensus estimate of $120.97 million. Braemar Hotels & Resorts had a negative return on equity of 0.97% and a negative net margin of 0.80%.

Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, B. Riley raised their target price on shares of One Liberty Properties from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Braemar Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $14.50.

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its stake in shares of Braemar Hotels & Resorts by 26.2% in the fourth quarter. Legal & General Group Plc now owns 5,357 shares of the company’s stock valued at $48,000 after buying an additional 1,112 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Braemar Hotels & Resorts by 184.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,816 shares of the company’s stock valued at $97,000 after buying an additional 7,014 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Braemar Hotels & Resorts in the second quarter valued at $136,000. Principal Financial Group Inc. bought a new position in Braemar Hotels & Resorts during the fourth quarter worth $131,000. Finally, Hancock Whitney Corp bought a new position in Braemar Hotels & Resorts during the fourth quarter worth $145,000. 74.07% of the stock is owned by institutional investors and hedge funds.

Shares of BHR traded down $0.12 during mid-day trading on Thursday, hitting $9.23. 10,432 shares of the company’s stock were exchanged, compared to its average volume of 210,935. The firm has a market capitalization of $307.46 million, a P/E ratio of 5.95 and a beta of 1.15. Braemar Hotels & Resorts has a 52 week low of $8.32 and a 52 week high of $14.03. The stock has a 50-day moving average of $10.25. The company has a debt-to-equity ratio of 2.96, a quick ratio of 2.75 and a current ratio of 2.75.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.64 annualized dividend and a dividend yield of 6.93%. Braemar Hotels & Resorts’s dividend payout ratio is presently 41.29%.

Braemar Hotels & Resorts Company 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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Earnings History and Estimates for Braemar Hotels & Resorts (NYSE:BHR)

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