Zacks Research upgraded Braemar Hotels & Resorts (NYSE:BHR) from “strong sell” to “hold” on Tuesday, while Weiss Ratings reaffirmed a “sell (d+),” resulting in a MarketBeat consensus rating of “Reduce.” The company, which is a publicly traded REIT focused on luxury hotels, trades at $3.04 with a negative P/E and high debt-to-equity. Institutional investors and hedge funds hold a significant portion of the stock, with some recently increasing their positions.
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BRAEMAR HOTELS & RESORTS (NYSE:BHR) Upgraded to Hold at Zacks Research
Zacks Research upgraded Braemar Hotels & Resorts (NYSE:BHR) from “strong sell” to “hold” on Tuesday, while Weiss Ratings reaffirmed a “sell (d+),” resulting in a MarketBeat consensus rating of “Reduce.” The company, which is a publicly traded REIT focused on luxury hotels, trades at $3.04 with a negative P/E and high debt-to-equity. Institutional investors and hedge funds hold a significant portion of the stock, with some recently increasing their positions.