Braemar Hotels & Resorts Inc. (BHR) Stock Price & Analysis
Braemar Hotels & Resorts Inc. (BHR) is trading at USD 1.37, down 4.20% today, as of October 23, 2026 at 16:41 UTC (US market open; quotes may be delayed), according to Nexqual market data.
BHR last closed at USD 1.43; today's session has ranged USD 1.36–1.42 on volume of 285,790 shares. Market capitalization is $100.59M, with a 52-week range of USD 1.18–3.19 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 16:41 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BHR.md
Key facts (BHR)
- Last four reported quarters (through Jun 30, 2026): revenue $689M, net income -$3.1M (-0.5% margin), free cash flow -$17.3M (SEC filings).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (2 analysts), mean target USD 2 (range 2–2).
- Total return with dividends: 1Y -49.5% vs S&P 500 +14.6%; 5Y -66.0% vs S&P 500 +77.3%.
- Next earnings: 2026-11-04, EPS estimate USD —, revenue estimate $104M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BHR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $428M | $670M | $739M | $728M | $704M | $689M |
| Operating income | $1.4M | $68.4M | $61.7M | $129M | $72.4M | $88.0M |
| Net income | -$26.7M | $17.8M | -$27.0M | -$1.7M | -$22.3M | -$3.1M |
| EPS (diluted) | -$0.76 | -$0.15 | -$1.13 | -$0.77 | -$1.07 | — |
| Free cash flow | $46.3M | -$245M | $84.7M | -$3.8M | -$37.1M | -$17.3M |
| Operating margin | 0.3% | 10.2% | 8.3% | 17.7% | 10.3% | 12.8% |
| Net margin | -6.2% | 2.7% | -3.7% | -0.2% | -3.2% | -0.5% |
| Revenue growth | +88.4% | +56.6% | +10.4% | -1.5% | -3.3% | — |
| Cash + short-term investments | $216M | $262M | $85.6M | $135M | $124M | — |
| Total debt | $1.17B | $1.33B | $1.16B | $1.21B | $1.10B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BHR)
P/S 0.1x · EV/EBITDA 4.2x · EV/Sales 1.1x · P/B 0.7x · FCF yield -17.16% · Earnings yield -3.09% · Dividend yield (paid, TTM) 41.28% · Net debt $652M · EV $753M
Analysts (BHR)
Consensus Hold (mean 3.00 on a 1–5 scale), 2 analysts; mean target USD 2 (low 2, high 2).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Baird | Target lowered | Neutral | $2.5 → $2 |
| 2026-07-28 | Baird | Target raised | Neutral | $2 → $2.5 |
Total return (dividends reinvested) (BHR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -49.5% | -66.0% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | -49.5% | -19.4% |
| Volatility (annualized) | 50.4% | 54.2% |
| Max drawdown | -61.5% (Feb 2026→Oct 2026) | -76.0% (Apr 2022→Oct 2026) |
BHR revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total hotel revenue | $171.0M | 100.0% | -4.5% |
| — Rooms (part of Total hotel revenue) | $102.2M | 59.7% | -7.0% |
| — Food and beverage (part of Total hotel revenue) | $45.3M | 26.5% | -0.5% |
| — Other (part of Total hotel revenue) | $23.5M | 13.8% | -0.7% |
| Total revenue | $171.0M | 100% | — |
BHR revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Florida | $36.6M | 21.4% | +14.3% |
| USVI | $25.3M | 14.8% | +44.6% |
| California | $22.7M | 13.3% | -3.8% |
| Puerto Rico | $21.0M | 12.3% | +9.8% |
| Washington, D.C. | $19.2M | 11.2% | +4.2% |
| Arizona | $18.6M | 10.9% | -3.7% |
| Pennsylvania | $12.7M | 7.4% | +15.7% |
| Illinois | $12.3M | 7.2% | +5.8% |
| Sold hotel properties | $2.7M | 1.6% | -89.7% |
| Total revenue | $171.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BHR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Ashford | “We have agreed to indemnify and hold harmless Ashford LLC (including its partners, directors, officers, stockholders, managers, members, agents, employees and each other person or entity, if any, controlling Ashford LLC) to the full extent lawful, from and against any and all losses, claims, damages or liabilities of any nature whatsoever with respect to or arising from Ashford LLC's acts or omissions (including o…” |
| Partner | Hilton Worldwide Holdings Inc. (HLT) | “exclusively owned and controlled by the applicable manager (or its affiliates) and the management agreement with Marriott (or its affiliates), Hilton (or its affiliates), Four Seasons and Hyatt, grants the applicable manager the rights to use such intellectual property or trademarks with respect to the applicable hotel.” |
| Partner | Premier Project Management | “In certain cases of early termination of the master project management agreement with respect to one or more of the hotels, we must pay Premier termination fees, plus any amounts otherwise due to Premier pursuant to the terms of the master project management agreement.” |
| Partner | Advisory Agreement | “Pursuant to the Advisory Agreement Limited Waiver, the Company, the Operating Partnership, TRS and the Advisor waive the operation of any provision in our advisory agreement that would otherwise limit the ability of the Company in its discretion, at the Company's cost and expense, to award during calendar year 2024, cash incentive compensation to employees and other representatives of the Advisor.” |
Quoted from the company's 10-K filed Mar 12, 2026.
Companies that name BHR in their SEC reports
| Relationship to BHR | Company | Filing | Sentence |
|---|---|---|---|
| partner | ASHFORD HOSPITALITY TRUST INC (AHT-PF) | 10-K Mar 23, 2026 | “In connection with the spin-off of Braemar, which was completed in November 2013, we represented in the Separation and Distribution Agreement with Braemar that we have no knowledge of any fact or circumstance that would cause us to fail to qualify as a REIT.” |
| related | Wheeler Real Estate Investment Trust, Inc. (WHLR) | 10-K Mar 5, 2026 | “Ms. Carter currently serves as the Lead Director, the Chair of the Nominating and Corporate Governance Committee, and as a Member of the Related Party Transactions Committee of Braemar Hotels & Resorts, Inc. (NYSE: BHR), a lodging real estate investment trust.” |
BHR company outlook (results filed Aug 5, 2026)
- “The transaction is expected to close mid-August 2026, subject to customary prorations and adjustments.”
- “(8) The final maturity date assumes all available extension options will be exercised.”
Quoted word-for-word from the SEC 8-K results press release.
BHR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | — | — | — | $103.6M | — |
| Next quarter (ends Dec 2026) | — | — | — | $104.0M | — |
| Current fiscal year (ends Dec 2026) | — | — | — | $587.7M | — |
| Next fiscal year (ends Dec 2027) | — | — | — | $403.6M | — |
Key Statistics (as of October 23, 2026 at 16:41 UTC)
| Price | USD 1.37 |
|---|---|
| Change | ▼ 4.20% (down) |
| Previous Close | USD 1.43 |
| Open | USD 1.41 |
| Day Range | USD 1.36 – 1.42 |
| 52-Week Range | USD 1.18 – 3.19 |
| Volume | 285,790 shares |
| Market Cap | $100.59M |
| Exchange | NYQ |
Technical Analysis (BHR)
Nexqual's technical model rates BHR "STRONG SELL" based on 0 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 16:41 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 36.98 (neutral) |
| vs SMA50 | Below (USD 1.73) |
| MACD | -0.11 (negative) |
Analyst Ratings (BHR)
Wall Street analysts rate BHR "Hold" based on 2 analysts, with a mean price target of USD 2 (range USD 2–2), per Nexqual as of October 23, 2026 at 16:41 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 2 |
| High Target | USD 2 |
| Low Target | USD 2 |
| Buy / Hold / Sell | 0 / 2 / 0 |
Earnings (BHR)
| Next Earnings Date | 2026-11-04 |
|---|---|
| Revenue Estimate | $103.61M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-03-31 | USD 0.07 vs est -0.16 ▲ beat |
| 2025-12-31 | USD -0.67 vs est -0.51 ▼ miss |
| 2025-09-30 | USD -0.12 vs est -0.66 ▲ beat |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Financials & Fundamentals (BHR)
| Total Revenue | $689.04M |
|---|---|
| Revenue Growth (latest quarter, YoY) | -4.50% |
| Gross Margin | +27.35% |
| Operating Margin | +7.73% |
| Profit Margin | -0.45% |
| ROE | -1.27% |
| Debt / Equity | 1.67 |
| Current Ratio | 3.61 |
| Total Cash | $94.24M |
| Total Debt | $801.06M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$17.26M (-2.5% of revenue) |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Financial Health Score (BHR)
Nexqual rates Braemar Hotels & Resorts Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 16:41 UTC.
| Growth | Weak — Revenue -3% YoY (annual), declining |
|---|---|
| Profitability | Solid — Gross margin 27%, operating 8% (last 12 months) |
| Balance Sheet | Weak — $94M cash and investments vs $746M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$17M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -1%, ROA 1.4% |
Ownership (BHR)
| Insider Ownership | +16.38% |
|---|---|
| Institutional Ownership | +56.33% |
| Shares Outstanding | 68.68M |
| Float | 52.38M |
| Short % of Float | +2.82% |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Leadership (BHR)
Braemar Hotels & Resorts Inc. is led by Richard J. Stockton, President, CEO & Director, per Nexqual as of October 23, 2026 at 16:41 UTC.
| President, CEO & Director | Richard J. Stockton |
|---|---|
| Founder & Chairman of the Board | Montgomery Jack Bennett |
| Director of Public Relations | Allison Ryan Beach |
Major Backers & Investors (BHR)
Notable institutional backers of Braemar Hotels & Resorts Inc. include Zazove Associates LLC, LSV Asset Management, Arrowstreet Capital, Limited Partnership, according to Nexqual as of October 23, 2026 at 16:41 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Zazove Associates LLC | 3.23% |
| LSV Asset Management | 2.49% |
| Arrowstreet Capital, Limited Partnership | 1.66% |
| Landmark Investment Partners, L.P. | 1.44% |
| Marshall Wace LLP | 1.25% |
| Renaissance Technologies | 1.03% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.6% |
| Vanguard Group | 3.99% |
| Geode Capital | 2.2% |
| State Street | 1.91% |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
From Braemar Hotels & Resorts Inc.'s Latest SEC 10-K Filing (filed 2026-03-12)
Partnerships
- Eight of our hotel properties are operated pursuant to a hotel management agreement with one of four brand management companies and five of our hotel properties are operated pursuant to a hotel management agreement with Remington Hospitality, a hotel management company and a subsidiary of Ashford Inc.
- In connection with this investment strategy, we frequently evaluate opportunities to acquire additional hotel properties, either through direct ownership, joint ventures, partnership participation or similar arrangements.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in laws, regulations or policies may adversely affect our business.
- We may from time to time be subject to litigation, which could have a material adverse effect on our financial condition, results of operations, cash flow and trading price of our common stock.
- The costs of compliance with or liabilities under environmental laws may harm our operating results.
- Tax increases and changes in tax rules may adversely affect our financial results.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CLDT | Chatham Lodging Trust (REIT) | USD 14.17 | ▼ 0.56% |
| INN | Summit Hotel Properties, Inc. | USD 6.94 | ▼ 1.35% |
| SVC | Service Properties Trust | USD 6.17 | ▼ 0.8% |
| RLJ | RLJ Lodging Trust | USD 12.12 | ▼ 0.16% |
| XHR | Xenia Hotels & Resorts, Inc. | USD 19.44 | ▼ 0.31% |
| PEB | Pebblebrook Hotel Trust | USD 20.49 | ▼ 0.87% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:41 UTC. This page is informational and not investment advice.
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