B. Riley upgraded shares of Braemar Hotels & Resorts (NYSE:BHR) from a neutral rating to a buy rating in a report released on Wednesday, Benzinga reports. B. Riley currently has $13.00 price target on the stock, down from their previous price target of $14.00. B. Riley also issued estimates for Braemar Hotels & Resorts’ Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.23 EPS, FY2019 earnings at $1.37 EPS, Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.44 EPS, Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.28 EPS, FY2020 earnings at $1.37 EPS and FY2021 earnings at $1.38 EPS.

BHR has been the topic of several other research reports. Zacks Investment Research raised DLH from a sell rating to a hold rating in a report on Tuesday. ValuEngine raised YPF from a sell rating to a hold rating in a report on Monday, June 24th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Braemar Hotels & Resorts currently has a consensus rating of Hold and an average target price of $14.50.

Shares of NYSE:BHR opened at $9.36 on Wednesday. Braemar Hotels & Resorts has a 1-year low of $8.32 and a 1-year high of $14.03. The firm has a market cap of $307.76 million, a price-to-earnings ratio of 6.04 and a beta of 1.15. The stock’s 50 day moving average price is $10.13. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.75 and a quick ratio of 2.75.

Braemar Hotels & Resorts (NYSE:BHR) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.49). Braemar Hotels & Resorts had a negative return on equity of 0.97% and a negative net margin of 0.80%. The firm had revenue of $128.51 million for the quarter, compared to analyst estimates of $120.97 million. As a group, equities research analysts anticipate that Braemar Hotels & Resorts will post 1.31 EPS for the current fiscal year.

The business also recently declared 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. This represents a $0.64 annualized dividend and a yield of 6.84%. The ex-dividend date is Thursday, June 27th. Braemar Hotels & Resorts’s dividend payout ratio is 41.29%.

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its position in shares of Braemar Hotels & Resorts by 84.3% during the second quarter. Nisa Investment Advisors LLC now owns 2,802 shares of the company’s stock worth $28,000 after buying an additional 1,282 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Braemar Hotels & Resorts during the second quarter worth about $136,000. Nordea Investment Management AB boosted its position in shares of Braemar Hotels & Resorts by 30.1% during the first quarter. Nordea Investment Management AB now owns 326,072 shares of the company’s stock worth $3,981,000 after buying an additional 75,400 shares during the period. ClariVest Asset Management LLC boosted its position in shares of Braemar Hotels & Resorts by 10.8% during the first quarter. ClariVest Asset Management LLC now owns 378,759 shares of the company’s stock worth $4,624,000 after buying an additional 36,857 shares during the period. Finally, Martingale Asset Management L P boosted its position in shares of Braemar Hotels & Resorts by 15.4% during the first quarter. Martingale Asset Management L P now owns 172,100 shares of the company’s stock worth $2,103,000 after buying an additional 23,000 shares during the period. 74.07% of the stock is currently owned by institutional investors and hedge funds.

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).

Featured Story: Blue-Chip Stocks

Receive News & Ratings for Braemar Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Braemar Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.