Braemar Hotels & Resorts (NYSE:BHR – Get Free Report) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Wednesday.
Braemar Hotels & Resorts Trading Down 2.1 %
Shares of NYSE BHR opened at $2.86 on Wednesday. Braemar Hotels & Resorts has a 12 month low of $1.79 and a 12 month high of $3.95. The company has a market cap of $190.12 million, a price-to-earnings ratio of -2.59 and a beta of 1.99. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 4.18. The business has a fifty day simple moving average of $3.08 and a 200-day simple moving average of $2.96.
Institutional Investors Weigh In On Braemar Hotels & Resorts
Hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC raised its position in Braemar Hotels & Resorts by 264.9% during the second quarter. Fortitude Family Office LLC now owns 12,546 shares of the company’s stock valued at $32,000 after buying an additional 9,108 shares during the period. PNC Financial Services Group Inc. raised its position in Braemar Hotels & Resorts by 141.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock valued at $39,000 after buying an additional 9,212 shares during the period. Catalina Capital Group LLC acquired a new position in Braemar Hotels & Resorts during the second quarter valued at $47,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Braemar Hotels & Resorts in the 1st quarter worth about $50,000. Finally, XTX Topco Ltd acquired a new position in Braemar Hotels & Resorts in the 2nd quarter worth about $55,000. 64.79% of the stock is owned by hedge funds and other institutional investors.
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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