In a report released today, Bryan Maher from B.Riley FBR maintained a Buy rating on Braemar Hotels & Resorts Inc (BHR), with a price target of $13.00. The company’s shares closed last Monday at $9.35.
According to TipRanks.com, Maher is a 4-star analyst with an average return of 5.7% and a 57.0% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Senior Housing Properties Trust, and Office Properties Income Trust.
Currently, the analyst consensus on Braemar Hotels & Resorts Inc is a Moderate Buy with an average price target of $15.00, implying a 63.6% upside from current levels. In a report issued on October 24, Deutsche Bank also maintained a Buy rating on the stock with a $17.00 price target.
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Based on Braemar Hotels & Resorts Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.67 million. In comparison, last year the company had a GAAP net loss of $2.02 million.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BHR in relation to earlier this year.
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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 2013 and is headquartered in Dallas, TX.