Braemar Hotels & Resorts upgraded by B. Riley FBR with a new price target
$BHR
Real Estate Investment Trusts
Real Estate
B. Riley FBR upgraded Braemar Hotels & Resorts from Neutral to Buy and set a new price target of $8.00 from $6.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/14/2023 | $7.00 → $3.50 | Buy → Neutral | B. Riley Securities |
| 7/20/2023 | Outperform → Perform | Oppenheimer | |
| 4/22/2022 | $9.00 | Outperform | Oppenheimer |
| 8/2/2021 | $12.00 → $14.00 | Buy | Deutsche Bank |
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3 - Braemar Hotels & Resorts Inc. (0001574085) (Issuer)
4 - Braemar Hotels & Resorts Inc. (0001574085) (Issuer)
4 - Braemar Hotels & Resorts Inc. (0001574085) (Issuer)
4 - Braemar Hotels & Resorts Inc. (0001574085) (Issuer)
B. Riley Securities downgraded Braemar Hotels & Resorts from Buy to Neutral and set a new price target of $3.50 from $7.00 previously
Oppenheimer downgraded Braemar Hotels & Resorts from Outperform to Perform
Oppenheimer initiated coverage of Braemar Hotels & Resorts with a rating of Outperform and set a new price target of $9.00
Braemar Hotels & Resorts has closed on the previously announced sale of the Hilton La Jolla Torrey Pines for $165 million ($419,000 per key). Including anticipated capital expenditures of $40 million, the sale price represents a 7.2% capitalization rate on net operating income for the trailing twelve months ended March 31, 2024. The Company continues to evaluate the sale of two more hotels, subject to market conditions, to be completed in 2024 and 2025, respectively.
As part of the Cooperation Agreement, Blackwells has committed to purchase 3.5 million shares of Braemar's stock in the open market, financed in part by Braemar. Braemar will also add an additional independent director to its Board of Directors and will consider Blackwells' input in this selection.
DEFA14A - Braemar Hotels & Resorts Inc. (0001574085) (Filer)
DEF 14A - Braemar Hotels & Resorts Inc. (0001574085) (Filer)
8-K - Braemar Hotels & Resorts Inc. (0001574085) (Filer)
Brancous' misleading accusations are not constructive and could negatively impact the Company's business Blackwells encourages all Braemar shareholders to support the enhanced Board and management team NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC ("Blackwells"), a shareholder of Braemar Hotels & Resorts Inc. ("Braemar" or the "Company") (NYSE:BHR), today released a letter to its fellow Braemar shareholders: The full text of the letter follows: Dear Fellow Braemar Shareholders, Over the past months, Blackwells Capital, in its capacity as an engaged shareholder of Braemar Hotels & Resorts ("Braemar" or the "Company"), exchanged views with the board of directors (th
DALLAS, Oct. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced today that Jay Shah, a seasoned hospitality and real estate executive, has joined the Board of Directors as a new independent director. "We are excited to welcome Jay to the Braemar Board of Directors," said Monty J. Bennett, Braemar's Chairman. "He brings extensive experience in both the lodging industry and public company matters from his many years of executive leadership positions at Hersha. His executive, operational and finance knowledge will make him a valuable addition to our board." Mr. Shah, age 56, has been a Senior Advisor to Hersha Hotels & Resorts ("Hersha") si
DALLAS, Oct. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced today that its Board of Directors (the "Board") declared a quarterly cash dividend of $0.05 per diluted share for the Company's common stock for the fourth quarter ending December 31, 2024. This dividend, which equates to an annual rate of $0.20 per share, is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Board declared a quarterly cash dividend for the fourth quarter ending December 31, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 15, 2025,
DALLAS, Oct. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") announced today that its Board of Directors (the "Board") declared a quarterly cash dividend of $0.05 per diluted share for the Company's common stock for the fourth quarter ending December 31, 2024. This dividend, which equates to an annual rate of $0.20 per share, is payable on January 15, 2025, to stockholders of record as of December 31, 2024. The Board declared a quarterly cash dividend for the fourth quarter ending December 31, 2024, of $0.3438 per diluted share, for the Company's 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable on January 15, 2025,
DALLAS, Aug. 29, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced details for the release of its results for the third quarter ended September 30, 2024. Braemar plans to issue its earnings release for the third quarter after the market closes on Wednesday, November 6, 2024, and will host a conference call on Thursday, November 7, 2024, at 11:00 a.m. ET. The number to call for this interactive teleconference is (646) 960-0284. A replay of the conference call will be available through Thursday, November 14, 2024, by dialing (609) 800-9909 and entering the confirmation number, 2925607. The live broadcast of Braemar's quarterly confere
DALLAS, Aug. 7, 2024 /PRNewswire/ -- Braemar Hotels & Resorts Inc. (NYSE:BHR) ("Braemar" or the "Company") today announced that it has closed on a refinancing involving five hotels. The new loan totals $407 million and has a two-year initial term with three one-year extension options, subject to the satisfaction of certain conditions, taking the final maturity to 2029. The loan is interest only and provides for a floating interest rate of SOFR + 3.24%. As part of this financing, the Company acquired $42.2 million of the most junior tranche of the loan, which lowered its net spread on the $364.8 million remaining loan amount to SOFR + 3.01%. The loan is secured by five hotels: Pier House
Brancous' misleading accusations are not constructive and could negatively impact the Company's business Blackwells encourages all Braemar shareholders to support the enhanced Board and management team NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC ("Blackwells"), a shareholder of Braemar Hotels & Resorts Inc. ("Braemar" or the "Company") (NYSE:BHR), today released a letter to its fellow Braemar shareholders: The full text of the letter follows: Dear Fellow Braemar Shareholders, Over the past months, Blackwells Capital, in its capacity as an engaged shareholder of Braemar Hotels & Resorts ("Braemar" or the "Company"), exchanged views with the board of directors (th
DALLAS, June 30, 2021 /PRNewswire/ -- Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that Robert Haiman, Executive Vice President, General Counsel and Secretary, will retire on June 30 after a career spanning nearly 17 years at Ashford and Remington. The Company has appointed Mr. Alex Rose as Executive Vice President, General Counsel and Secretary as his successor effective July 1, 2021. To ensure a seamless transition, Mr. Haiman will provide support to the Company on a consulting basis for 3 years. Mr. Rose will also serve as General Counsel for Ashford Hospitality Trust (NYSE:AHT) and Braemar Hotels & Resorts (NYSE:BHR). Jeremy Welter, Ashford's President and Chi
ORLANDO, Fla., June 28, 2021 (GLOBE NEWSWIRE) -- Kalera (Euronext Growth Oslo ticker KAL, Bloomberg: KSLLF), one of the fastest-growing and largest vertical farming companies in the world and a leader in plant science for producing high-quality produce in controlled environments, today announced the proposed appointment of Curtis McWilliams to its Board of Directors. In addition, it is expected that McWilliams will chair Kalera's Audit Committee responsible for oversight of the financial reporting and disclosure process. An executive with deep experience in mergers & acquisitions, real estate, corporate governance as well as financial accounting and analysis, McWilliams brings nearly 40 ye