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Braemar Hotels & Resorts, Inc. (BHR)

NYSE - Nasdaq Real Time Price. Currency in USD
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5.19-0.14 (-2.63%)
As of 3:47PM EDT. Market open.
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  • E
    Eddy D
    $AHT conversation
    OK FOLKS, back to Fundamentals!

    2019 FY Revenue was $1.5B... " nomral operating environment"


    Todays( 3 July) Yahoo Analysis table show a FORECAST FY $751M! ( delta -50% from 2019)

    As of last week. Common Shares VALUE VARY between approximately $800M- $1B
    Depending on share price , formula is Number of Shares Times Price.

    As of Friday, 231Mil shares * $4/share = $920M.
    Take 3.50/share and do your own math...

    As of next week and until deal is completed ( Summer of 2021),
    with B. Riley 41M shares convert,
    total number of shares would be 230+41 = 271M shares to be before the 1-for 10 Reverse split.
    If share price is $4, then Comme Share Value $4 * 271M shares =$1.1B
    If share price is $3, then Commen Value is $3* 271 mil shares = $830M

    NEW RANGE For Share Value in early July. 800m-$1.1B


    Now Back to Fully RE+OPEN 2022.
    1. We SHOULD PASS 2019 PROFITS (even if FFO is LESS THAN 2019 FFO of $1.5B). HOW?
    A - OCCUPANCY RATE ... Data in 3 weeks (7/28) will tell us how far we got in 2Q
    and waht summer Looks like

    B- INCOME from Business + LEISURE might exceed 2019!!!

    o Some catch up business EVENTS from 1H will be done in 2H...
    Competitve business spirits
    New Business - new Industry

    o Leisure 2Q2021-1Q2022 will exceed 2Q2019-1Q2020

    o 1Q Interest costs was just $33M VERSUS FY $333M in 2019 or 84M per quarter
    o This is $50M / QTR and this WILL BE EVEN Between better with the last two deals
    ( total 70M+ shares sold or to be sold).


    With ALL the Converts of Preferred Shares into Common... Say +500M and counting
    Using FFO 2022 = 2019,

    Common Share Value ( Now 800M-1.1B)
    Should head to $1.5B -2,0B

    Assume 30M shares post SPLIT...this helps to eastablish a TARGET SHARE 12 month share price
    after R-S AND CONVERTs


    Remember folks : REAL ESTATE is fixed assets!!!
    Back to FUNDAMENTALs !

  • M
    Blackrock just acquired a bunch of shares on July 9th. I believe it has 103 institutional owners now. Citadel Barclays Vanguard are amongst the many all acquiring shares on March 31st. Insider trading has all been buying. And the shorts are at 1,000 which is 2 million less than last month. So I'm guessing they think it's going to go up. I bought in today at $5.20. If you want to make money do it the money makers do.
    Found all that info on the SEC filing site.
  • D
    ⭐ This is a very Bullish Chart, traders! 💰💵📈

  • Y
    Yahoo Finance Insights
    Braemar Hotels & Resorts is down 8.02% to 5.34
  • g
    At some point, the new attention and excitement around AHT should spill in to BHR - it's more upscale and cleaner (financially) little sister...
  • I
    Entered a big position today. I held it previously and sold maybe 2-3 months back at ~7 b/c it was running too fast. Now I am back in and big.
    So it is clearly an overshoot.
    Why? BHR is high quality hotels, like PK but with weaker and smaller balance sheet. So the fact that they could raise unsecured debt at 4.5% is certainly not negative without the context of Convertible feature. (Go try to raise unsecured debt at 4.5% yourself first...)
    Now to Convertible feature. At any price below
    6.30 per share their notes are just debt, cheap unsecured debt. At today's price of 5.58 any of the convertible debt holders can go and buy direct in the market at 20% discount. At 6.30 they will be indifferent so yes, they can increase the equity base but so long as I entered below 6.30, I am totally cool with that because their notes already injected liquidity to the company for the period it is required, to ramp up etc. And it does not mean they are capped at 6:30. All cruises diluted I'm the summer at HALF of today's prices...
  • S
    Not many people write here, should I buy or should I not buy.... mmmm... 5.5 price as a entry point. Somebody know the stock? Any advice?
  • Y
    Yahoo Finance Insights
    Braemar Hotels & Resorts is up 8.02% to 5.79
  • J
    I was hoping someone else would get the convo going, but I've been hitting refresh for a solid hour now and I can't wait any longer. Given the negative state of the world and the hospitality industry specifically I was kind of encouraged by the earnings announcement. It seems most believed we would lose about $1.45/share and instead we only lost $1.41/share. Of the 13 properties in out portfolio 11 are currently open for business. Revpar is down catastrophically with no real end in sight, but we have been given forbearance by almost all of our lenders. So a bit of a mixed bag, but if the world can right itself sooner rather than later BHR could be a really lucrative play. Last thing, I got the feeling that the board is going to cancel the dividend for the common stock this quarter too, so that a bummer... but probably the right move given the uncertainty of the future. Now somebody pick up the ball and let's get a little convo going!!!
  • J
    I know the audience for this board is pretty small, but I sure would like to hear what people are expecting when the company announces earnings later this month. I believe in this company, their properties, and the fairness with which they treat shareholders... that being said spring/summer revenue appears to have been decimated by COVID. Any thoughts?
  • c
    I'm loving my purchase of BHR-PD...keep those dividends rolling in!
  • J
    With increased revenue and better than expected earnings... when do we think the dividend will be reinstated for the common shareholders. To maintain REIT status they must payout 90% of taxable income as I understand it. Does that mean we could be in store for a special dividend or am I way off base? I’m curious to see where people think this stock is headed... my opinion is that If the vaccine is legit BHR could be $7 by May.
  • r
    Why did this stock sell for $400 in 2006 and why are Institutional holdings zero? Otherwise it looks good.
    I want to buy a Luxury Hotel REIT to replace LHO which I sold higher than it was bought out by PEB.
  • Y
    Yahoo Finance Insights
    Braemar Hotels & Resorts is down 6.37% to 6.76
  • F
    New filing out BHR doing a share offering up to $50 million Bucks tha'ts why BHR is down.
  • c
    bought in at $24. Maybe not the best move in a rising interest rate world but I'm happy with the dividend for now.
  • t
    interesting 13d filed on bhr, buyer may take company private among other options, surprised it hasnt moved more yet
  • J
    Janney increased PT from $5/share to $6/share... I may be talking to myself on this board, but the sound is sweet! This is an easy double if/when they bring back the dividend!!
  • J
    Now we’re talking... the street seems to like the 25% cut from the board and the elimination of the Q1dividend! Keep climbing BHR... 2020 is going to be a tough year, but we’ll make it through it and be stronger on the other side!
  • c
    Will they survive covid 19?