Streetbeat News

BHR

Braemar Hotels & Resorts Inc.

https://www.bhrreit.com

Industry

REIT - Hotel & Motel

Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

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Braemar Hotels & Resorts (NYSE:BHR) reported Q4 2023 FFO of $0.040 per share, missing the $0.070 estimate, but sales of $177.534M exceeded the $175.473M estimate, marking a 3.44% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:14 pm

Numerous companies are scheduled to report their earnings on February 29, 2024, covering a wide range of industries from technology to healthcare. This includes both expected quarterly profits and losses, with significant revenues anticipated for some. The diversity of sectors represented, from energy to financial services, highlights the broad economic implications of these reports.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 10:15 am

Braemar Hotels & Resorts (NYSE:BHR) reported a Q3 adjusted FFO per share of $(0.08), a 150% decrease YoY. The company's quarterly sales were $159.80M, missing the analyst consensus estimate of $169.99M by 5.99%.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 9:54 pm

Hersha Hospitality Trust (HT) announced a merger with KSL Capital Partners, with KSL acquiring all outstanding common shares of Hersha for $10 per share in an all-cash transaction of $1.4 billion. This is a 60% premium over Hersha's closing price on Aug. 25. The news triggered buying on several other hotel REITs, including Braemar Hotels & Resorts (BHR), Ashford Hospitality Trust (AHT), and Chatham Lodging Trust (CLDT). Other Hotel REITs with notable sympathy price changes were Summit Hotel Properties (INN), Xenia Hotels & Resorts (XHR), and Diamondrock Hospitality (DRH).

Portfolio Pulse from Ethan Roberts

August 30, 2023 | 10:00 am

The article lists the top 5 oversold real estate stocks that may explode in August. The stocks mentioned are Braemar Hotels & Resorts Inc. (BHR), Healthcare Realty Trust Incorporated (HR), Medical Properties Trust, Inc. (MPW), RE/MAX Holdings, Inc. (RMAX), and Bluerock Homes Trust, Inc. (BHM). All these stocks have an RSI near or below 30, indicating they are oversold and may rebound.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 11:43 am

Several real estate investment trusts (REITs) have been downgraded by analysts due to various factors. Braemar Hotels & Resorts (BHR) was downgraded by B. Riley Securities due to weakening RevPAR. Easterly Government Properties (DEA) was downgraded by RBC Capital Markets due to pressure on the dividend. Kimco Realty Corp. (KIM) was downgraded by Goldman Sachs due to limited FFO growth. Tanger Factory Outlet Centers (SKT) was downgraded by Goldman Sachs due to limited upside. SL Green Realty Corp. (SLG) was downgraded by BMO Capital due to incremental positive catalysts. Invitation Homes (INVH) was downgraded by BTIG due to a potential slowdown in the single-family residential market.

Portfolio Pulse from Ethan Roberts

August 19, 2023 | 5:08 pm

B. Riley Securities analyst Bryan Maher downgraded Braemar Hotels & Resorts Inc. (NYSE:BHR) to Neutral from Buy, lowering the price target from $7.00 to $3.50. The downgrade is due to concerns about the company's prolonged RevPAR softness at many of its luxury resort hotels and uncertainty surrounding its remaining 2024 debt maturities. The analyst also lowered FY23, FY24, and FY25 adjusted EBITDA estimates.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2023 | 7:43 pm

Several analyst forecasts were released on Monday, affecting a range of companies. Keybanc lowered the price target for Bumble Inc. (BMBL) from $25 to $24, while Barrington Research cut OUTFRONT Media Inc.'s (OUT) price target from $24 to $16. Goldman Sachs boosted the price target for Okta, Inc. (OKTA) from $77 to $91, and Jefferies cut the price target for Chindata Group Holdings Limited (CD) from $10.73 to $8.6. Barclays increased CF Industries Holdings, Inc.'s (CF) price target from $80 to $85, and UBS slashed Public Service Enterprise Group Incorporated's (PEG) price target from $70 to $66. HC Wainwright & Co. raised MannKind Corporation's (MNKD) price target from $7 to $7.5, and B. Riley Securities cut Braemar Hotels & Resorts Inc.'s (BHR) price target from $7 to $3.5. Jefferies increased the price target for Intuit Inc. (INTU) from $525 to $600, and Bernstein boosted Hyatt Hotels Corporation's (H) price target from $136 to $147. Citigroup increased Airbnb, Inc.'s (ABNB) price target from $135 to $160.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 11:45 am

B. Riley Securities analyst Bryan Maher has downgraded Braemar Hotels & Resorts (NYSE:BHR) from Buy to Neutral and lowered the price target from $7 to $3.5.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 9:52 am

The article lists the top 5 oversold real estate stocks, which are considered undervalued and present buying opportunities. The stocks are Medical Properties Trust, Inc. (MPW), Creative Media & Community Trust Corporation (CMCT), Braemar Hotels & Resorts Inc. (BHR), National Health Investors, Inc. (NHI), and Lamar Advertising Company (LAMR). All these stocks have an RSI value below 30, indicating they are oversold.

Portfolio Pulse from Lisa Levin

August 10, 2023 | 11:05 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.