Braemar Hotels & Resorts (NYSE:BHR – Get Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.
Braemar Hotels & Resorts Stock Performance
Shares of BHR stock opened at $3.39 on Thursday. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50-day moving average of $3.07 and a 200-day moving average of $2.99. Braemar Hotels & Resorts has a one year low of $1.79 and a one year high of $3.95. The company has a market cap of $225.50 million, a P/E ratio of -2.71 and a beta of 2.00.
Hedge Funds Weigh In On Braemar Hotels & Resorts
Several institutional investors have recently modified their holdings of BHR. Intech Investment Management LLC bought a new position in Braemar Hotels & Resorts in the 3rd quarter valued at $36,000. PFG Investments LLC increased its holdings in Braemar Hotels & Resorts by 74.4% during the third quarter. PFG Investments LLC now owns 79,512 shares of the company’s stock worth $246,000 after buying an additional 33,932 shares during the last quarter. SG Americas Securities LLC raised its position in Braemar Hotels & Resorts by 140.4% in the third quarter. SG Americas Securities LLC now owns 28,808 shares of the company’s stock worth $89,000 after acquiring an additional 16,826 shares during the period. XTX Topco Ltd bought a new position in shares of Braemar Hotels & Resorts during the 2nd quarter valued at approximately $55,000. Finally, Renaissance Technologies LLC grew its position in shares of Braemar Hotels & Resorts by 7.4% during the 2nd quarter. Renaissance Technologies LLC now owns 579,700 shares of the company’s stock valued at $1,478,000 after acquiring an additional 40,100 shares during the period. 64.79% of the stock is owned by 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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