Braemar Hotels & Resorts Inc. (NYSE:BHR) has a beta value of 2.91 and has seen 1,267,504 shares traded in the last trading session. The company, currently valued at $288.27 Million, closed the last trade at $6.55 per share which meant it gained $0.22 on the day or 3.48% during that session. The BHR stock price is -13.74% off its 52-week high price of $7.45 and 72.82% above the 52-week low of $1.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 299.75 Million shares traded. The 3-month trading volume is 500.23 Million shares.
The consensus among analysts is that Braemar Hotels & Resorts Inc. (BHR) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.76.
Braemar Hotels & Resorts Inc. (NYSE:BHR) trade information
Sporting 3.48% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 30 when the BHR stock price touched $6.61-0 or saw a rise of 0.91%. Year-to-date, Braemar Hotels & Resorts Inc. shares have moved 42.08%, while the 5-day performance has seen it change 10.46%. Over the past 30 days, the shares of Braemar Hotels & Resorts Inc. (NYSE:BHR) have changed 5.65%. Short interest in the company has seen 362.02 Million shares shorted with days to cover at 0.72.
Wall Street analysts have a consensus price target for the stock at $10.25, which means that the shares’ value could jump 56.49% from current levels. The projected low price target is $8 while the price target rests at a high of $13. In that case, then, we find that the current price level is +98.47% off the targeted high while a plunge would see the stock lose 22.14% from current levels.
Braemar Hotels & Resorts Inc. (BHR) estimates and forecasts
Figures show that Braemar Hotels & Resorts Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +191.11% over the past 6 months, with this year growth rate of 134.41%, compared to 4.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -58.3% and 76.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be +42%.
3 analysts offering their estimates for the company have set an average revenue estimate of $72.71 Million for the current quarter. 3 have an estimated revenue figure of $73.4 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $113.91 Million for this quarter, and analysts expect sales will grow by -36.2% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -59.7% over the past 5 years. Earnings growth for 2021 is a modest -979.9% while over the next 5 years, the company’s earnings are expected to increase by 15.3%.
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Braemar Hotels & Resorts Inc. (NYSE:BHR)’s Major holders
Insiders own 23.29% of the company shares, while shares held by institutions stand at 42.35% with a share float percentage of 55.21%. Investors are also buoyed by the number of investors in a company, with Braemar Hotels & Resorts Inc. having a total of 118 institutions that hold shares in the company. The top two institutional holders are Zazove Associates Llc with over 1.39 Million shares worth more than $8.47 Million. As of March 30, 2021, Zazove Associates Llc held 3.37% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 1.33 Million shares as of December 30, 2020. The firm’s total holdings are worth over $6.11 Million and represent 3.21% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Columbia Fds Ser Tr I-Columbia Small Cap Value Fd I. As of December 30, 2020, the former fund manager holds about 1.97% shares in the company for having 815154 shares of worth $3.76 Million while later fund manager owns 580.62 Thousand shares of worth $2.9 Million as of January 30, 2021, which makes it owner of about 1.4% of company’s outstanding stock.