Sunday, June 26, 2022

The Attractiveness of Investing In Braemar Hotels & Resorts Inc. (BHR) is Growing

Braemar Hotels & Resorts Inc.’s filing revealed that its Director Bennett Monty J acquired Company’s shares for reported $1.0 million on May 17. In the deal valued at $22.50 per share,44,444 shares were bought. As a result of this transaction, Bennett Monty J now holds 44,444 shares worth roughly $ 0.21 million.


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Then, NUNNELEY MARK bought 9,000 shares, generating $202,500 in total proceeds. Upon buying the shares at $22.50, the Chief Accounting Officer now owns 18,000 shares.

Before that, Eubanks Deric S sold 31,241 shares. Braemar Hotels & Resorts Inc. shares valued at $176,824 were divested by the CFO and Treasurer at a price of $5.66 per share. As a result of the transaction, Eubanks Deric S now holds 150,367 shares, worth roughly $0.71 million.

Meanwhile, Oppenheimer initiated its Braemar Hotels & Resorts Inc. [BHR] rating to an Outperform in a research note published on Tuesday, April 22, 2022; the price target was $9. PT values the company’s stock at a premium of 47.44 to its Tuesday closing price. A number of analysts have revised their coverage, including B. Riley FBR’s analysts, who decreased its forecast for the stock in early June from “a Buy” to “a Neutral”. DA Davidson also remained covering BHR and has decreased its forecast on March 10, 2020 with a “Neutral” recommendation from previously “Buy” rating. B. Riley FBR revised its rating on July 10, 2019. It rated BHR as “a Buy” which previously was an “a Neutral”.

Price Performance Review of BHR

On Tuesday, Braemar Hotels & Resorts Inc. [NYSE:BHR] saw its stock fall -3.47% to $4.73. On the same session, the stock had its day’s lowest price of $4.71, but rose to a high of $5.0435. Over the last five days, the stock has lost -7.44%. Braemar Hotels & Resorts Inc. shares have fallen nearly -7.25% since the year began. Nevertheless, the stocks have fallen -21.69% over the past one year. While a 52-week high of $6.64 was reached on 06/07/22, a 52-week low of $4.18 was recorded on 06/21/22. SMA at 50 days reached $5.78, while 200 days put it at $5.42. A total of 0.64 million shares were traded, compared to the trading of 0.76 million shares in the previous session.

Levels Of Support And Resistance For BHR Stock

The 24-hour chart illustrates a support level at 4.61, which if violated will result in even more drops to 4.49. On the upside, there is a resistance level at 4.95. A further resistance level may holdings at 5.16. The Relative Strength Index (RSI) on the 14-day chart is 35.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.96%. Stochastics %K at 4.66% indicates the stock is a buying.

Braemar Hotels & Resorts Inc. [BHR] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 6,104,122 shares, or roughly 9.54% of the outstanding BHR shares. In other words, the investor’s shares have fallen by -194,538 from its previous 13-F filing of 6298660.0. Additionally, The Vanguard Group, Inc. increased 10.62% of its stake after which the total value it holdings stand at $17,610,673, while BlackRock Advisors LLC reduced -1.78% of its stake to hold $15.72 million in the firm. Over the last quarter, Davidson Kempner Capital Manageme sold 0 shares of Braemar Hotels & Resorts Inc., while Zazove Associates LLC sold 268,178 shares. At present, King Street Capital Management LP is holding 1,750,000 shares valued at $10.15 million. Knighthead Capital Management LLC owned 1,498,937 shares of the company at the time of its most recent 13F filing, worth $8.69 million.

According to FactSet, Braemar Hotels & Resorts Inc.’s share price will average $11.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 114.29 percent from its previous closing price of $4.90. Analysts expect Braemar Hotels & Resorts Inc. stock to reach the higher price of $16.00, while the lowest price estimate is $7.00. However, 4 analysts have rated BHR stock as an Overweight in their predictions for 2022.

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