BHR · NYSE · REIT - Hotel & Motel

Braemar Hotels & Resorts (BHR)

Owns high-RevPAR luxury hotels and resorts in the United States and Caribbean.

$1.75
vs last close−0.07 (−3.85%)
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Braemar Hotels & Resorts Inc.BHR
Real Estate

Owns luxury urban hotels and resorts, earning income from a high-RevPAR portfolio in the United States and Caribbean. Its operating model is transitioning from external Ashford management to planned self-management.

Owns a portfolio of luxury urban hotels and resorts, including Capital Hilton, Sofitel Chicago Magnificent Mile, Pier House Resort & Spa, The Notary Hotel, Bardessono Hotel and Spa, Hotel Yountville, and The Ritz-Carlton St. Thomas. These assets concentrate on high-RevPAR properties across urban and resort destinations in the United States and Caribbean.

Investment strategy and day-to-day operations were handled by Ashford Hospitality Advisors under the historical external-advisory model. A board-approved plan calls for ending the advisory agreement and directly employing management, but the self-management transition remains announced rather than completed.

Company facts

CEORichard J. Stockton
ListedNov 20, 2013
ExchangeNYSE
HeadquartersDallas, TX
CountryUnited States
Employees116
CIK0001574085
ISINUS10482B1017

Market cap$125.0M
EPS (ttm)−$0.1762
P/E (ttm)−10.33
ROE-0.7%
P/B0.2710
P/S0.1814
Dividend yieldDiv yield8.24%
Beta0.63vs XLRE 0.48

Price target$2.50+37.4%Average of 7 analysts
ConsensusHold5 of 7 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 28, 2026Robert W. BairdTarget
Target: $2
Target: $2.50
Jun 15, 2026Robert W. BairdTarget
Target:
Target: $2

Next report
Nov 4, 26
in 42 days
EPS estimate
−$0.71
Revenue estimate
$101.4M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$0.47−$0.04−$0.24−$0.12−$0.67$0.52−$0.01Pending
Estimate−$0.33$0.31−$0.37−$0.66−$0.51−$0.16−$0.44−$0.71
Surprise−42.4%−112.4%+35.1%+81.8%−31.4%+425.0%+97.7%

RevenueReportedEstimate

Feb '25May '25Jul '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$173.3M$218.4M$179.1M$143.6M$165.6M$209.0M$171.0MPending
Estimate$163.1M$207.5M$172.6M$142.6M$147.2M$202.0M$166.2M$101.4M
Surprise+6.3%+5.3%+3.8%+0.7%+12.5%+3.5%+2.9%
Estimate−$0.71
ReportedDue Nov 4, 2026
Estimate$101.4M
ReportedDue Nov 4, 2026
View details

Debt to equity173.70%
Current ratio218.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$148.4M$173.3M$215.8M$179.1M$143.6M$165.6M$209.0M$171.0M
Net income$12.6M−$18.7M$11.0M−$5.5M$5.7M−$33.6M$17.7M$7.0M
Net margin8.5%0.0%5.1%0.0%4.0%0.0%8.5%4.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$70.3M$3.8M$36.7M$17.9M$29.8M$468.0K$39.9M$13.2M
YoY growth+10,703.2%−35.3%−13.5%+47.0%−57.6%−87.6%+8.5%−26.0%

Balance sheet, Jun 30, 2026Cash & short-term investments $97.7M · Total debt $801.1M · Total assets $1.66B · Shareholders' equity $461.2M

Revenue
$171.0M
Operating income
$13.2M
Net income
$7.0M
View details

Dividend yield
8.24%
Next ex-date
Annual dividend
$0.15
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25
Dividend$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05
Annual yield9.95%7.84%6.47%6.67%8.03%8.16%7.33%6.97%
Ex-dateMar 27Jun 28Sep 30Dec 31Mar 31Jun 30Sep 30Dec 31
Payment dateApr 15Jul 15Oct 15Jan 15Apr 15Jul 15Oct 15Jan 15
View details

Institutions48.88%33.57M shares
131 holders · as of Jun 30, 2026
Insiders2.61%1.79M shares
13 holders · as of Jun 1, 2026
Strategic holders14.00%9.61M shares
2 holders · as of Apr 15, 2025
Other34.51%23.71M shares
remainder

68.68M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
12.60%8.65Mas of Jun 30, 2026
DBR Hotel Owner LLCStrategic
8.14%5.59Mfiled May 25, 2022
BlackRock Portfolio Management LLCStrategic
5.85%4.02Mfiled Apr 15, 2025
Vanguard Capital Management LLCInstitution
3.99%2.74Mas of Jun 30, 2026
Zazove Associates LLCInstitution
3.23%2.22Mas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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CompanyPriceChange
Braemar Hotels & Resorts$1.75−3.85%$125.0M0.2−4.5%
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