Braemar Hotels & Resorts Inc (BHR) Gets a Buy Rating from Deutsche Bank

By Jason Carr

Deutsche Bank analyst Chris Woronka reiterated a Buy rating on Braemar Hotels & Resorts Inc (BHRResearch Report) today and set a price target of $18. The company’s shares closed last Monday at $8.63, close to its 52-week low of $7.90.

According to, Woronka is a 2-star analyst with an average return of -0.2% and a 42.0% success rate. Woronka covers the Financial sector, focusing on stocks such as Ashford Hospitality Trust, Hertz Global Holdings Inc, and Park Hotels & Resorts Inc.

Braemar Hotels & Resorts Inc has an analyst consensus of Moderate Buy, with a price target consensus of $14.67, representing a 64.6% upside. In a report issued on August 2, B.Riley FBR also maintained a Buy rating on the stock with a $13 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 net profit of $11.31 million.

Based on the recent corporate insider activity of 24 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.