In a report released yesterday, Bryan Maher from B.Riley FBR maintained a Buy rating on Braemar Hotels & Resorts Inc (BHR), with a price target of $14. The company’s shares opened today at $12.56, close to its 52-week high of $13.25.
Maher observed:
“Braemar Hotels & Resorts (BHR) reported 4Q18 results that came in short of our expectations. the quarter were $20.3M, below our estimate of $22.2M and the consensus estimate of $21.2M. AFFO/share came in at $0.15, also below our estimate of $0.20 and slightly below the consensus estimate of $0.16. The miss to our estimates was primarily driven by lighter than expected room revenue ($64.5M vs. our estimate of $70.6M), which was a function of lower renovation-impacted RevPAR growth than we were expecting. Of the company’s 12 properties, four were under renovation/repositioning during the quarter, impacting results.”
According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.0% and a 52.0% success rate. Maher covers the Financial sector, focusing on stocks such as Office Properties Income Trust, Community Healthcare Trust, and Hersha Hospitality Trust.
Braemar Hotels & Resorts Inc has an analyst consensus of Strong Buy, with a price target consensus of $15.50.
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The company has a one-year high of $13.25 and a one-year low of $8.32. Currently, Braemar Hotels & Resorts Inc has an average volume of 165.2K.
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Braemar Hotels & Resorts, Inc. operates as a real estate investment trust which engages in investing services primarily in high RevPAR, luxury, upper-upscale and upscale hotels. Its hotel properties include Hilton La Jolla Torrey Pines, Capital Hilton in Washington DC, Marriott Plano Legacy Town Center, Seattle Marriott Waterfront, Courtyard San Francisco Downtown, Courtyard Seattle Downtown, Courtyard Philadelphia Downtown, and Renaissance Tampa International Plaza. The company was founded By Montgomery Jack Bennett on April 5, 2013 and is headquartered in Dallas, TX.
