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.

Open

3.60

Mkt cap

222M

Volume

198K

High

3.60

P/E Ratio

-4.17

52-wk high

3.95

Low

3.31

Div yield

0.06

52-wk low

1.79

Braemar Hotels & Resorts Inc. (NYSE:BHR) announced that Blackwells Capital LLC's proxy campaign at Ashford Hospitality Trust, Inc. (NYSE:AHT) was unsuccessful, with only 7% of shares voting on the Blackwells proxy card. Ashford Trust confirmed that seven of its nine nominees received a majority of votes, and the remaining two were re-appointed by the Board.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 6:31 am

Braemar Hotels & Resorts (BHR) reported Q1 2024 AFFO per share of $0.42, surpassing the $0.33 estimate, with sales of $219.079M exceeding the $210.685M forecast, marking a 1.75% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 8:37 pm

Braemar Hotels & Resorts Inc. (BHR) announced a shareholder value plan including the sale of Hilton Torrey Pines for $165 million, repayment of 2024 debt, a $50 million preferred share redemption, and a $50 million common share buyback authorization.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:43 am

B. Riley Securities analyst Bryan Maher maintains a Neutral rating on Braemar Hotels & Resorts (NYSE:BHR) and lowers the price target from $3 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:58 pm

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

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