|Bid||6.75 x 800|
|Ask||6.78 x 1300|
|Day's Range||6.75 - 7.07|
|52 Week Range||1.78 - 7.45|
|Beta (5Y Monthly)||2.96|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 28, 2021 - Aug 02, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec 30, 2019|
|1y Target Est||10.25|
Braemar Hotels & Resorts Inc. (NYSE: BHR) (the "Company" or "Braemar"), announced today that it has commenced a private placement, subject to market conditions and other factors, of $50 million aggregate principal amount of Convertible Senior Notes due 2026 (the "Notes"). Braemar plans to grant the initial purchaser of the Notes a 13-day option to purchase up to an additional $7.5 million aggregate principal amounts of the Notes.
Braemar Hotels & Resorts (BHR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions could translate into further price increase in the near term.
Braemar Hotels & Resorts (BHR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.