BRAEMAR HOTELS & RESORTS INC. (NYSE:BHR) Sees Significant Increase in Short Interest
by Doug Wharley · The Cerbat GemBRAEMAR HOTELS & RESORTS INC. (NYSE:BHR – Get Free Report) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 1,351,334 shares, a growth of 23.4% from the January 29th total of 1,095,036 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 381,281 shares, the days-to-cover ratio is presently 3.5 days. Based on an average daily trading volume, of 381,281 shares, the days-to-cover ratio is presently 3.5 days. Approximately 2.2% of the shares of the stock are sold short.
Institutional Trading of BRAEMAR HOTELS & RESORTS
Several institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its position in shares of BRAEMAR HOTELS & RESORTS by 958.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,107 shares of the company’s stock worth $29,000 after purchasing an additional 9,152 shares in the last quarter. Kathmere Capital Management LLC purchased a new stake in BRAEMAR HOTELS & RESORTS during the 4th quarter worth approximately $29,000. Quadrature Capital Ltd acquired a new stake in BRAEMAR HOTELS & RESORTS during the 4th quarter worth approximately $30,000. Strs Ohio acquired a new stake in BRAEMAR HOTELS & RESORTS during the 1st quarter worth approximately $32,000. Finally, BNP Paribas Financial Markets grew its stake in shares of BRAEMAR HOTELS & RESORTS by 94.1% in the third quarter. BNP Paribas Financial Markets now owns 12,506 shares of the company’s stock worth $34,000 after acquiring an additional 6,062 shares in the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.
BRAEMAR HOTELS & RESORTS Trading Down 1.8%
NYSE BHR traded down $0.05 on Tuesday, reaching $2.77. 585,753 shares of the company were exchanged, compared to its average volume of 395,682. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 5.64. The business’s fifty day moving average price is $2.93 and its 200 day moving average price is $2.77. The stock has a market capitalization of $188.97 million, a P/E ratio of -2.59 and a beta of 0.71. BRAEMAR HOTELS & RESORTS has a fifty-two week low of $1.80 and a fifty-two week high of $3.28.
BRAEMAR HOTELS & RESORTS (NYSE:BHR – Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.62). BRAEMAR HOTELS & RESORTS had a negative return on equity of 10.06% and a negative net margin of 3.17%.The company had revenue of $165.56 million for the quarter, compared to analysts’ expectations of $147.20 million. Analysts forecast that BRAEMAR HOTELS & RESORTS will post 0.31 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on BHR shares. Zacks Research raised BRAEMAR HOTELS & RESORTS from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of BRAEMAR HOTELS & RESORTS in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.
Check Out Our Latest Report on BRAEMAR HOTELS & RESORTS
BRAEMAR HOTELS & RESORTS Company Profile
Braemar Hotels & Resorts, Inc (NYSE:BHR) is a publicly traded equity real estate investment trust (REIT) focused on acquiring, owning and operating upper-upscale and luxury hotels and resorts. The company invests in a combination of direct fee interests and equity stakes in well-known branded properties, structuring its investments through long-term leases, ground leases and joint ventures. Braemar’s business model generates stable cash flows through base rent, percentage rent tied to property revenues and reimbursements for property operating expenses and capital improvements.
The company’s portfolio is strategically concentrated in primary urban and resort markets across the United States, including key destinations in California, Florida and the Northeast corridor.