Braemar Hotels & Resorts (NYSE:BHR) Stock Rating Upgraded by StockNews.com

Posted by ABMN Staff on Oct 21st, 2024

Braemar Hotels & Resorts (NYSE:BHR – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Braemar Hotels & Resorts Trading Down 1.5 %

NYSE BHR opened at $3.18 on Friday. 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 stock has a market capitalization of $211.40 million, a P/E ratio of -2.84 and a beta of 1.99. The firm’s 50-day moving average is $3.06 and its two-hundred day moving average is $2.92. Braemar Hotels & Resorts has a 12 month low of $1.79 and a 12 month high of $3.95.

Institutional Trading of Braemar Hotels & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its stake in shares of Braemar Hotels & Resorts by 264.9% in 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 in the last quarter. PNC Financial Services Group Inc. grew its position in Braemar Hotels & Resorts by 141.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,736 shares of the company’s stock valued at $39,000 after acquiring an additional 9,212 shares in the last quarter. Catalina Capital Group LLC purchased a new stake in Braemar Hotels & Resorts during the second quarter worth about $47,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Braemar Hotels & Resorts during the first quarter worth about $50,000. Finally, XTX Topco Ltd acquired a new stake in shares of Braemar Hotels & Resorts during the second quarter worth about $55,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Braemar Hotels & Resorts Company Profile

(Get Free Report)

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).