BRAEMAR HOTELS RESORTS INC (BHR)
Real Estate · Lodging REITs · NYSE
Braemar Hotels & Resorts is a luxury-focused hotel REIT currently transitioning from an externally-advised model to a self-managed structure to optimize costs and governance.
What BRAEMAR HOTELS RESORTS INC does
Braemar Hotels & Resorts is a real estate investment trust (REIT) that invests primarily in high revenue per available room (RevPAR), luxury hotels and resorts in U.S. urban and resort markets. The company does not operate its properties directly, instead contracting with third-party hotel management companies. Braemar is currently in the process of terminating its external advisory agreement with Ashford Inc. to transition into a self-managed REIT structure.
Recent developments
The company has initiated a management spin-out to become a self-managed REIT, including the termination of its advisory agreement with Ashford Inc. and planned board reconstitution. Additionally, the company is actively divesting several assets, including the recent sales of the Park Hyatt Beaver Creek, Ritz-Carlton Sarasota, Hotel Yountville, and Bardessono Hotel and Spa, to focus on a portfolio of 6-8 core luxury properties.
From BRAEMAR HOTELS RESORTS INC's filing of 2026-08-06.
Themes: Luxury hospitality, REIT internal management transition, Asset divestiture program
Fundamentals
- Price$1.49 as of 2026-10-08 close
- Market cap$102M as of 2026-08-04 (share count; price 2026-10-08)
- 1-year return-43.3% 2025-10-08 close $2.63 → 2026-10-08 close $1.49
- P/En/a negative earnings
- Net margin-3.2% FY2025, SEC XBRL
- ROE-15.9% FY2025, SEC XBRL
- Debt / equity2.38 as of 2026-09-03
- Revenue growth (YoY)-3.9% as of 2026-09-03
- Revenue CAGR (3y)+1.7% SEC XBRL
- Beta1.08 as of 2026-09-03
- Last reported earnings2026-08-05 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +11.2%; at least 4 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How BHR compares in its sector
- net profit marginbottom 25% 154 covered Real Estate peers, as of 2026-09-03
- operating marginmiddle range 96 covered Real Estate peers, as of 2026-09-03
- return on equitybottom 10% 158 covered Real Estate peers, as of 2026-09-03
- 3-year revenue CAGRmiddle range 155 covered Real Estate peers
- indicated dividend yieldtop 10% 140 covered Real Estate peers, as of 2026-09-03
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, BHR's dividend exceeded at least one reported measure of what it earned or generated (operating-cash-flow payout 116%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payoutnot assessable earnings were not positive that year
- Operating-cash-flow payout116% dividends / operating cash flow — capital spending was not reported, so this does not subtract it
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How BRAEMAR HOTELS RESORTS INC looks technically
BRAEMAR HOTELS RESORTS INC (BHR) is trading 37.7% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 116 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 46, with sellers in control. Momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 21, in oversold territory (below 30). It made a new 20-day low about 2 trading days ago. It is 3.1% above its 52-week low (its lowest price of the past year).
Trend
8
| Distance from the 200-day | it is trading 37.7% below its 200-day average, the long-term trend line — a long-term downtrend | -37.7% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $1.90 | $1.90 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $2.39 | $2.39 |
| Swing structure | its recent peaks and dips disagree — one of them is rising while the other is not, so there is no clean up or down pattern in the swings | mixed — one of the two is not confirming |
| Last swing turn | its last significant turn was a swing high 41 calendar days ago — the swings before that are what the structure reading is measured on | 41 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 2.1. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 116 trading days ago — a "death cross", a bearish long-term signal | 116 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 46, with sellers in control | 46.2 |
Momentum
3
| 14-day RSI | momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 21, in oversold territory (below 30) | 21.2 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($1.45 to $1.83) — its "stochastic" reading is 12 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 11.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 27 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $3.19 | $3.19 |
|---|---|---|
| From the 52-week high | it is 53.3% below its 52-week high (its highest price of the past year) | -53.3% |
| Above the 52-week low | it is 3.1% above its 52-week low (its lowest price of the past year) | +3.1% |
| Below the 52-week high | it is 53.3% below its highest point of the past year | 53.3% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $23.55 (set on 2013-11-15) | $23.55 |
| Given back of the 52-week move | over the past year its closes ranged ($1.47 to $3.14), and it has recovered essentially none of its fall from last year’s high — 1% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $2.50 to $2.56. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 1.2% |
| From the all-time high | it is 93.7% below its all-time high | -93.7% |
| Nearest price level | it is trading 23.5% below a resistance level at $1.84 — a price it turned at twice since 2025-04-10, most recently on 2025-04-30. Since 2024-10-08 it has 0 such levels below the current price and 12 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +23.5% |
| All-time low | its lowest closing price on record is $1.14 (set on 2020-03-18) | $1.14 |
| Above the all-time low | it is 30.7% above its all-time low | +30.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 88% of the past ~6 months) | 88th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.061 between its high and its low — about 4.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.061 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $1.46 and $1.95 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $1.46 – $1.70 – $1.95 |
| Typical daily range (% of price) | its price moves about 4.1% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 4.1% |
| Stretch from the 200-day average | it is trading 14.8 daily ranges below its 200-day average price (37.7% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 14.8 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.06× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
1
| Since a doji | 5 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 5 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-10-08 at essentially the same price it closed at the session before — no meaningful overnight gap | 0.0% |
|---|---|---|
| Open gap | it gapped 2.9% below the previous close 49 sessions ago and has not traded back through the level it left behind at 2.38 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -2.9% |
| Gap filled | a 2.2% gap up opened on 2026-09-04 has been "filled" 23 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 23 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 20.1 percentage points (the stock lost 19.0% while the market gained 1.0%) | -20.1% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 31.1 percentage points (the stock lost 27.3% while the market gained 3.8%) | -31.1% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 54.0 percentage points (the stock lost 36.6% while the market gained 17.5%) | -54.0% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 58.3 percentage points (the stock lost 43.3% while the market gained 15.0%) | -58.3% |
Signal agreement
2
| Bullish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bullish state: its RSI momentum gauge is oversold (a beaten-down reading), near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 2 of 9 |
|---|---|---|
| Bearish technical signals | 7 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 7 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 28% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 5.2% of the share price. | -28.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 35% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $2.30 — a volume-weighted average of daily closes over 188 sessions, not a true tick-by-tick VWAP. | -35.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 28% below the average price paid since it last reported on 2026-05-06 (its 8-K), so the typical buyer over that stretch is under water. That average is $2.06 — a volume-weighted average of daily closes over 105 sessions, not a true tick-by-tick VWAP. | -27.9% |
Price levels it has turned at before
BHR last closed at $1.49 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 12 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $1.84 | Resistance | 23.5% above the last close | turned there twice · 2025-04-10 to 2025-04-30 |
| $1.97 | Resistance | 32.2% above the last close | turned there three times · 2025-05-22 to 2026-08-12 |
| $2.06 | Resistance | 38.5% above the last close | turned there three times · 2025-08-01 to 2025-08-21 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $2.10.
It is the only labelling that fits these swings, though its proportions are not the textbook ones. It was chosen from 3 labellings that survived the rules, counting shorter readings of the same bars.
This reading has stood for 24 trading days, since 2026-09-04.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Oversold (14-day RSI below 30) · Pulled back from the 12-month high · Broke down to a new 20-day low · lagging the market · Stretched far below its 200-day average (6+ daily ranges) | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$2.50 range $2.50 – $2.50
Analyst estimates, as of 2026-10-06. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Key risks (from latest filing)
["High debt leverage and sensitivity to floating interest rates in the absence of fixed-rate debt.","Potential for conflict of interest with external advisor Ashford Inc. and its affiliates.","Operational risks and financial dependence on the luxury lodging and travel industry."]
What changed in the latest 10-Q
AI-assisted comparison of BHR's 10-Q filed 2026-08-06 against the prior one filed 2026-05-07.
Management's Discussion & Analysis (MD&A)
- Reworded:
- Page number in newer filing (filed 2026-08-06) changed from 29 to 35 in the MD&A footer numbering following the forward-looking statements section.
- Notes:
- The provided texts appear truncated at the same point in both filings, so only the visible portion was compared.
Risk Factors
- Added:
- Newer filing (2026-08-06) adds Recent Developments entry: on May 26, 2026, the Company sold the Park Hyatt Beaver Creek Resort & Spa for $176 million in cash, and repaid the $70.5 million mortgage loan secured by that property.
- Newer filing (2026-08-06) adds Recent Developments entry: on June 12, 2026, the Company announced actions, following a Special Committee comprised solely of independent directors, including Board approval of a management spin-out to become a self-managed REIT.
- Newer filing (2026-08-06) adds a 'Benefits for Shareholders' bullet list describing a go-forward portfolio of approximately six to eight luxury properties with gross asset value over $1 billion and total annual revenue of $300 to $350 million as of trailing twelve months ending March 31, 2026.
- Newer filing (2026-08-06) adds a 'Benefits for Shareholders' bullet on expected G&A cost reduction of more than $25 million per year and implied potential equity value accretion based on EBITDA multiples of 11-13x.
- Newer filing (2026-08-06) adds a 'Benefits for Shareholders' bullet on retention of Ferguson Partners to identify five new independent Board members.
- Newer filing (2026-08-06) adds a 'Benefits for Shareholders' bullet stating certain Ashford-employed management team members will become Braemar employees with no ongoing relationship with Ashford or its affiliates.
- Newer filing (2026-08-06) adds a 'Transition to Self-Managed REIT' paragraph stating the Company will terminate the Advisory Agreement and other material legacy contractual arrangements with Ashford, and that management including Mr. Richard Stockton will be employed directly by Braemar.
- Removed:
- Older filing (2026-05-07) contains Recent Developments entry dated February 20, 2026 regarding Mr. Ghassemieh's breach of the cooperation agreement and his irrevocable resignation letter becoming effective; this entry is absent from the newer filing.
- Older filing (2026-05-07) contains Recent Developments entry dated March 5, 2026 regarding termination of Deric Eubanks as CFO and Justin Coe assuming the role of principal financial officer; this entry is absent from the newer filing.
- Older filing (2026-05-07) contains Recent Developments entry dated March 31, 2026 regarding the Advisor extending the advisory agreement for an additional ten-year term; this entry is absent from the newer filing.
- Older filing (2026-05-07) contains Recent Developments entry dated April 23, 2026 regarding declaration of April 2026 dividends for Series B, D, E and M Preferred Stock; this entry is absent from the newer filing.
- Older filing (2026-05-07) contains Recent Developments entry dated April 27, 2026 regarding entering into an Agreement of Purchase and Sale for Park Hyatt Beaver Creek Resort & Spa, including a $6.5 million nonrefundable deposit with a scheduled closing in the second quarter of 2026; this entry is absent from the newer filing.
- Older filing (2026-05-07) contains a 'Key Indicators of Operating Performance' section describing use of GAAP and non-GAAP financial measures and other operational information; this section is absent from the newer filing.
- Reworded:
- As of date updated from March 31, 2026 (older) to June 30, 2026 (newer) for hotel portfolio figures: 13 hotel properties in six states with 3,028 total rooms changed to 12 hotel properties in five states with 2,831 total rooms.
- Remington Hospitality managed five of the 13 hotel properties as of March 31, 2026 (older); this changed to five of the 12 hotel properties as of June 30, 2026 (newer).
- Bennetts' Ashford Inc. common stock ownership updated from 809,937 shares (as of March 31, 2026) to 810,123 shares (as of June 30, 2026), with the approximate ownership interest remaining 52.5%.
- Bennetts' Series D Convertible Preferred Stock ownership updated from 18,758,600 shares (as of March 31, 2026) to 18,777,914 shares (as of June 30, 2026).
- Number of additional Ashford Inc. common shares upon conversion of Series D preferred updated from approximately 4,656,337 shares (older) to approximately 4,745,833 shares (newer).
- Potential Bennetts ownership interest in Ashford Inc. after conversion updated from 88.2% (older) to 88.4% (newer).
- Page number reference changed from 30 (older) to 36 (newer).
- Recent Developments section entirely replaced: older filing focused on governance, advisory agreement extension, preferred dividends, and pending sale agreement; newer filing focuses on completed sale and transition to a self-managed REIT.
- Notes:
- The provided texts appear to be excerpts from the beginning of a section rather than a complete 'Risk Factors' section, so changes beyond the excerpted material cannot be assessed.
- The newer filing text appears to end mid-sentence in the 'Transition to Self-Managed REIT' paragraph, and the older filing text appears to end mid-sentence in the 'Key Indicators of Operating Performance' section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
Most recent open-market transaction: 2025-08-27. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about BHR's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Short interest (FINRA)
BHR had 2,135,628 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
BHR had 3.11% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.48 days to cover at the same settlement.
- Reported short interest (shares) 2,135,628
- Short interest (% of shares outstanding) 3.11%
- Prior settlement (shares) 1,753,576
- Reported change 21.79%
- Days to cover (reported) 4.48
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Host Hotels & Resorts (HST)
- Park Hotels & Resorts (PK)
- Sunstone Hotel Investors (SHO)
- DiamondRock Hospitality Company (DRH)
- Ryman Hospitality Properties (RHP)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare BHR vs…
Frequently asked questions
What does BRAEMAR HOTELS RESORTS INC (BHR) do?
Braemar Hotels & Resorts is a real estate investment trust (REIT) that invests primarily in high revenue per available room (RevPAR), luxury hotels and resorts in U.S. urban and resort markets. The company does not operate its properties directly, instead contracting with third-party hotel management companies. Braemar is currently in the process of terminating its external advisory agreement with Ashford Inc. to transition into a self-managed REIT structure.
What sector is BRAEMAR HOTELS RESORTS INC (BHR) in?
BRAEMAR HOTELS RESORTS INC (BHR) is classified in the Real Estate sector. Its industry is Lodging REITs. It trades on NYSE.
Does BHR pay a dividend?
Yes — BRAEMAR HOTELS RESORTS INC (BHR) pays a dividend, with an indicated yield of about 11.17% and at least 4 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-09-03). Informational only — not financial advice.
Who are BRAEMAR HOTELS RESORTS INC's (BHR) competitors?
Notable peers of BRAEMAR HOTELS RESORTS INC (BHR) include Host Hotels & Resorts, Park Hotels & Resorts, Sunstone Hotel Investors, DiamondRock Hospitality Company and Ryman Hospitality Properties. This peer set is informational only — not financial advice.
Is BRAEMAR HOTELS RESORTS INC (BHR) overbought or oversold right now?
BRAEMAR HOTELS RESORTS INC (BHR) is currently in oversold territory (its 14-day RSI is 21, below 30) (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on BHR come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.