The stock of Braemar Hotels & Resorts Inc. (NYSE:BHR) decreased by -$0.03 on Friday to finish at $2.91, down -1.02 percent. The last five days have seen an average of 949,680 shares of common stock traded. 17 times new highs were reached in the current year, with a fall of -$1.20. The average number of shares traded over the last 20 days was 469,290, while the average volume over the last 50 days totaled 372,354.
BHR stock dropped -25.77% since last month. On 08/09/23, the company’s shares reached a one-month low of $2.77. The stock touched a high of $5.85 on 02/03/23, after rallying from a low of $2.77 in 52 weeks. The price of BHR stock has declined by -29.20% or -$1.20 this year, reaching a new high 17 times. Still, the stock price is down -50.27% from the 52-week high.
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Insider Transactions
BHR stock investors should be aware that Braemar Hotels & Resorts Inc. (BHR) stock had its last reported insider trading activity 167 days ago on Feb 28. On Feb 28, Director Bennett Monty J sold 250,862 shares at $4.83 each. This transaction resulted in the insider making $1,211,663. On Feb 28, Bennett Monty J sold 75,361 shares at a price of US$4.83. After the transaction, the insider now owns 23,334 shares. Director Bennett Monty J had earlier sold 70,186 shares on Feb 27 for $4.87 a share. The transaction was completed for $341,806.
Valuation Metrics
Beta for the stock is 2.33. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.26, the price-to-book (PB) ratio of 0.51.
Company paid $0.05 per share in dividends, remained unchanged from $0.05 last year. A $0.04 dividend increase was reported on Thursday December 8 2022.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.02, and the total debt to equity ratio is 3.02. As far as profitability goes, gross margin for the trailing twelve months is 69.30% percent. Braemar Hotels & Resorts Inc.’s operating margin stood at 9.80% for the same period. Based on annual data, it had gross profit of $68.39 million and revenue of $669.59 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BHR’s return on assets (ROA) during the last 12 months has been -1.70%. There was a 3.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -9.90%.
Earnings Surprise
According to Braemar Hotels & Resorts Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $187.74 million, while revenues rose by 6.2% to $214.97 million. It was predicted that Braemar Hotels & Resorts Inc.’s quarterly earnings would be -$0.2, but it ended up being -$0.27, beating the consensus by 25.90%. EBITDA was $40.49 million for the quarter. At the end of Braemar Hotels & Resorts Inc.’s most recent quarter ended June 29, its total debt was $1.2 billion. Equity owned by shareholders amounts to $65.99 million.
Technical Picture
Here’s a quick look at Braemar Hotels & Resorts Inc.’s (BHR) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 16.74%, suggesting the stock is oversold, with a 34.96% historical volatility rate.
The stochastic %K and %D were 15.71% and 10.99% respectively, while the average true range (ATR) was 0.16. Based on the 14-day stochastic reading of 14.89%, the RSI (14) reading is 21.90%. On the 9-day MACD Oscillator, the stock is at -0.27, and the 14-day reading is at -0.41.
Analyst Ratings
Braemar Hotels & Resorts Inc. (NYSE: BHR) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Braemar Hotels & Resorts Inc. (BHR) an Overweight rating. BHR is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is BHR’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $7.00, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for Braemar Hotels & Resorts Inc. (BHR) is $6.00.
