Braemar Hotels & Resorts Inc.

BHR

US10482B1017

Specialized REITs

Market Closed - Nyse Other stock markets 01:30:02 18/05/2024 am IST			5-day change	1st Jan Change
2.89 ^USD	+1.05%		+0.70%	+15.60%

16/05	B. Riley Raises Price Target on Braemar Hotels & Resorts to $3.50 From $2.50, Keeps Neutral Rating	MT
16/05	Blackwells Capital Provides Information to Shareholders	CI

Braemar Hotels & Resorts Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

May 09, 2024 at 01:39 am IST

Braemar Hotels & Resorts Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 138.55 million compared to USD 137.53 million a year ago. Revenue was USD 219.08 million compared to USD 215.3 million a year ago.

Net income was USD 15.93 million compared to USD 16.03 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.05 a year ago.

Latest news about Braemar Hotels & Resorts Inc.

B. Riley Raises Price Target on Braemar Hotels & Resorts to $3.50 From $2.50, Keeps Neutral Rating	16/05	MT
Blackwells Capital Provides Information to Shareholders	16/05	CI
Braemar Hotels & Resorts Inc. Announces Board Resignations	16/05	CI
Transcript : Braemar Hotels & Resorts Inc., Q1 2024 Earnings Call, May 09, 2024	09/05
Braemar Hotels & Resorts Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	09/05	CI
Blackwells Capital Comments on Braemar Hotels & Resorts Shareholder Value Creation Plan	07/05	CI
Braemar Hotels & Resorts Inc. announces an Equity Buyback for $50 million worth of its shares.	07/05	CI
An unknown buyer has signed a definitive agreement to acquire Hilton La Jolla Torrey Pines located in La Jolla, California from Braemar Hotels & Resorts Inc. for approximately $170 million.	06/05	CI
Blackwells Capital Solicits Proxies from Shareholders of Braemar Hotels & Resorts	04/05	CI
Blackwells Capital Posts Materials to its Social Media Pages	04/05	CI
Blackwells Capital LLC Issues Letter to Braemar Hotels & Resorts	03/05	CI
Braemar Hotels & Resorts Inc. authorizes a Buyback Plan.	03/05	CI
Blackwells Capital Releases Letter to Fellow Shareholders of Braemar Hotels & Resorts	03/05	CI
Braemar Hotels & Resorts Solicits Proxies from Shareholders	26/04	CI
Braemar Hotels & Resorts Postpones Annual Meeting Over Blackwells Lawsuit	23/04	MT
Braemar Hotels & Resorts Inc Announces Postponement of Annual Meeting of Stockholders	23/04	CI
Blackwells Capital Posts Materials to its Social Media Pages	16/04	CI
Blackwells Capital Files a Complaint in the United States District Court Against Braemar Hotels & Resorts	13/04	CI
Braemar Hotels & Resorts Urges Shareholders to Reject Blackwells 'Invalid' Proxy Material	12/04	MT
Braemar Hotels & Resorts Solicits Proxies from Shareholders	12/04	CI
Braemar Hotels & Resorts Declares Dividends for the Second Quarter of 2024, Payable on July 15, 2024	10/04	CI
Blackwells Capital Files Definitive Proxy Statement with Securities and Exchange Commission	10/04	CI
Blackwells Capital Issues Investor Presentation with Shareholders of Braemar Hotels & Resorts	10/04	CI
Lodging REIT Quarterly Results Likely Benefitted From Upper Upscale Chain Strength, Oppenheimer Says	05/04	MT
Braemar Hotels & Resorts Files Definitive Proxy Statement with Securities and Exchange Commission	02/04	CI

Chart Braemar Hotels & Resorts Inc.

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Company Profile

Braemar Hotels & Resorts Inc. is a real estate investment trust focused on investing in luxury hotels and resorts. Its business objectives are to generate attractive returns on its invested capital and long-term growth in cash flow to maximize total returns to its stockholders. The Company operates in the direct hotel investment segment of the hotel lodging industry. It owns interests in 16 hotel properties in seven states, the District of Columbia, Puerto Rico and St. Thomas, U.S. Virgin Islands with 4,192 total rooms, or 3,957 net rooms. The hotel properties in its portfolio are predominantly located in the United States urban and resort locations. It also owns 14 of its hotel properties directly, and the remaining two hotel properties through an investment in a majority-owned consolidated joint venture entity. All of the hotel properties in its portfolio are asset-managed by Ashford LLC. The Company's hotel properties include Capital Hilton, The Clancy, The Notary Hotel and others.

Sector

Specialized REITs

Calendar

30/07/2024 - Annual General Meeting

Related indices

Russell 2000

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Ratings for Braemar Hotels & Resorts Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.89 USD

Average target price

4.833 USD

Spread / Average Target

+67.24%

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