BHR
Braemar Hotels & Resorts Inc.
NYSEUSDEQUITY
Real Estate
DELAYED
Sell
-50/100
Last price
1.52
▼ 0.03 (1.94%)
MARKET · —
Price
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Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
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Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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Range —
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Open
—
Prev close
1.55
Day high
1.56
Day low
1.52
Volume
479.35K
Market cap
$111.61M
P/E (TTM)
—
52W range
1.52 – 3.19
Trailing performance
Returnvs SPY
1W
-8.43%
-10.4%
1M
-20.00%
-21.2%
3M
-25.85%
-30.4%
6M
-34.48%
-52.7%
YTD
-47.04%
-61.3%
1Y
-43.91%
-60.3%
3Y
-45.13%
-127.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
11 more panels on BHR open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
11.25M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 18, 25 | CARTER STEFANI D Director |
STOCK | 3.49K | $0 | Direct |
| Jun 13, 25 | BENNETT MONTGOMERY J. Director |
STOCK | 734.98K | $0 | Indirect |
| Jun 13, 25 | JOHNSON REBECA M Director |
STOCK | 14.93K | $0 | Direct |
| Jun 13, 25 | STOCKTON RICHARD J. Chief Executive Officer |
STOCK | 524.99K | $0 | Direct |
| Jun 13, 25 | EVANS MARY CANDACE Director |
STOCK | 32.22K | $0 | Direct |
| Jun 13, 25 | COE JUSTIN Officer |
STOCK | 11.18K | $0 | Direct |
| Jun 13, 25 | SIRNA KELLIE Director |
STOCK | 1.80K | $0 | Direct |
| Feb 26, 25 | ROSE ALEX General Counsel |
— | 70.84K | — | Direct |
| Feb 26, 25 | ROSE ALEX General Counsel |
STOCK | 10.29K | $0 | Direct |
| Dec 30, 24 | MUSSER REBECCA Director |
STOCK | 5.56K | $0 | Direct |
| Nov 13, 24 | VAZIRI ABTEEN Director |
SELL | 1.78K | $6.70K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BENNETT MONTGOMERY J. |
Director | — | Stock Award(Grant) |
CARTER STEFANI D |
Director | 62.83K | Stock Award(Grant) |
COE JUSTIN |
Officer | 9.07K | Stock Award(Grant) |
EVANS MARY CANDACE |
Director | 36.10K | Stock Award(Grant) |
JOHNSON REBECA M |
Director | 29.85K | Stock Award(Grant) |
MUSSER REBECCA |
Director | 5.56K | Stock Award(Grant) |
ROSE ALEX |
General Counsel | 61.37K | Conversion of Exercise of derivative security |
SIRNA KELLIE |
Director | 1.80K | Stock Award(Grant) |
STOCKTON RICHARD J. |
Chief Executive Officer | 1.17M | Stock Award(Grant) |
VAZIRI ABTEEN |
Director | 10.23K | Sale |
Fundamentals
Market cap$111.61M
Enterprise value$1.14B
Revenue (TTM)$689.04M
Gross profit$188.42M
EBITDA$132.41M
Net income$-49.76M
EPS (TTM)$-0.73
Free cash flow$-293.56M
Total cash$94.24M
Total debt$801.06M
Book value / share$2.14
Shares outstanding68.68M
Float52.38M
Short % of float3.24%
Dividend yield13.16%
Beta (5Y)0.83
Valuation & profitability ratios
Trailing P/E—
Forward P/E-1.35
PEG ratio—
Price / sales—
Price / book0.71
EV / revenue1.66
EV / EBITDA8.63
Gross margin27.35%
Operating margin7.73%
Profit margin-0.45%
Return on equity-1.27%
Return on assets1.42%
Debt / equity167.43
Current ratio3.61
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $704.01M | $728.40M | $739.34M | $669.59M | -3.3% |
| Operating revenue | $608.53M | $633.61M | $650.23M | $590.76M | -4.0% |
| Cost of revenue | $555.62M | $574.73M | $570.88M | $505.10M | -3.3% |
| Gross profit | $148.39M | $153.68M | $168.47M | $164.49M | -3.4% |
| Selling, general & admin | $11.75M | $14.36M | $13.52M | $18.08M | -18.2% |
| Total operating expense | $104.33M | $113.09M | $106.80M | $96.21M | -7.7% |
| Operating income | $44.06M | $40.59M | $61.67M | $68.28M | +8.6% |
| Net interest income | -$92.29M | -$100.99M | -$87.82M | -$49.49M | +8.6% |
| Pre-tax income | -$26.43M | $20.61M | -$27.94M | $23.39M | -228.3% |
| Tax provision | $1.98M | $842.00K | $2.69M | $4.04M | +135.0% |
| Net income | -$22.32M | -$1.69M | -$27.02M | $17.76M | -1,218.3% |
| Net income to common | -$72.55M | -$51.05M | -$74.30M | -$10.76M | -42.1% |
| Basic EPS | -1.07 | -0.77 | -1.13 | -0.15 | -39.0% |
| Diluted EPS | -1.07 | -0.77 | -1.13 | -0.15 | -39.0% |
| EBIT | $72.11M | $128.73M | $66.28M | $75.56M | -44.0% |
| EBITDA | $165.11M | $227.91M | $160.03M | $154.15M | -27.6% |
| Basic shares | 67.62M | 66.50M | 65.99M | 69.69M | +1.7% |
| Diluted shares | 67.62M | 66.50M | 65.99M | 69.69M | +1.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $124.35M | $135.47M | $85.60M | $261.54M | -8.2% |
| Cash & short-term investments | $124.35M | $135.47M | $85.60M | $261.54M | -8.2% |
| Accounts receivable | $32.84M | $31.75M | $39.20M | $51.45M | +3.4% |
| Inventory | $4.74M | $4.66M | $5.00M | $5.24M | +1.7% |
| Total current assets | $254.39M | $257.75M | $238.38M | $406.99M | -1.3% |
| Property, plant & equipment | $30.74M | $34.85M | $78.38M | $79.45M | -11.8% |
| Goodwill & intangibles | $2.75M | $3.13M | $3.50M | $3.88M | -12.1% |
| Total assets | $1.86B | $2.14B | $2.23B | $2.40B | -12.8% |
| Total current liabilities | $187.53M | $159.62M | $162.71M | $154.26M | +17.5% |
| Long-term debt | $1.10B | $1.21B | $1.16B | $1.33B | -8.8% |
| Total debt | $1.12B | $1.23B | $1.22B | $1.39B | -8.7% |
| Total liabilities | $1.70B | $1.87B | $1.90B | $1.96B | -8.9% |
| Retained earnings | -$568.50M | -$477.80M | -$412.20M | -$324.74M | -19.0% |
| Shareholder equity | $138.68M | $240.73M | $306.98M | $410.11M | -42.4% |
| Working capital | $66.86M | $98.13M | $75.67M | $252.73M | -31.9% |
| Net tangible assets | $135.94M | $237.60M | $303.48M | $406.23M | -42.8% |
| Shares issued | 68.22M | 66.61M | 66.64M | 69.92M | +2.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$28.41M | $19.76M | -$30.63M | $19.35M | -243.8% |
| Depreciation & amortisation | $93.01M | $99.19M | $93.75M | $78.60M | -6.2% |
| Stock-based compensation | -$446.00K | $2.61M | $9.24M | $11.29M | -117.1% |
| Change in working capital | -$10.38M | $20.95M | $6.93M | $5.42M | -149.5% |
| Operating cash flow | $40.78M | $66.82M | $84.71M | $109.48M | -39.0% |
| Capital expenditure | -$5.51M | — | -$75.00K | — | — |
| Investing cash flow | $209.63M | $35.51M | -$77.07M | -$402.22M | +490.4% |
| Share buybacks | -$77.67M | -$45.97M | -$36.29M | -$7.91M | -69.0% |
| Dividends paid | -$47.34M | -$51.56M | -$52.56M | -$20.76M | +8.2% |
| Financing cash flow | -$268.63M | -$83.77M | -$156.84M | $345.06M | -220.7% |
| Free cash flow | $35.27M | $66.82M | $84.64M | $109.48M | -47.2% |
| End cash position | $166.83M | $185.06M | $166.50M | $315.70M | -9.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $171.03M | $208.98M | $165.56M | $143.56M | $179.08M | -18.2% |
| Operating revenue | $147.50M | $181.14M | $142.91M | $122.34M | $155.40M | -18.6% |
| Cost of revenue | $124.68M | $141.92M | $134.97M | $127.75M | $132.93M | -12.1% |
| Gross profit | $46.34M | $67.07M | $30.59M | $15.81M | $46.15M | -30.9% |
| Selling, general & admin | $11.69M | $4.87M | $7.35M | $3.81M | $4.89M | +140.3% |
| Total operating expense | $33.13M | $27.45M | $30.01M | $26.98M | $28.25M | +20.7% |
| Operating income | $13.22M | $39.62M | $589.00K | -$11.16M | $17.89M | -66.6% |
| Net interest income | -$19.74M | -$20.39M | -$21.82M | -$23.69M | -$23.84M | +3.2% |
| Pre-tax income | $9.42M | $19.45M | -$35.46M | $4.08M | -$7.19M | -51.6% |
| Tax provision | $2.48M | $1.42M | $1.50M | -$648.00K | -$345.00K | +75.1% |
| Net income | $7.04M | $17.70M | -$33.59M | $5.74M | -$5.47M | -60.2% |
| Net income to common | -$711.00K | $4.90M | -$45.75M | -$8.20M | -$19.45M | -114.5% |
| Basic EPS | -0.01 | 0.07 | -0.67 | -0.12 | -0.24 | -114.3% |
| Diluted EPS | -0.01 | 0.07 | -0.67 | -0.12 | -0.24 | -114.3% |
| EBIT | $29.94M | $40.65M | -$12.30M | $29.26M | $18.18M | -26.3% |
| EBITDA | $51.46M | $63.32M | $10.47M | $52.53M | $41.64M | -18.7% |
| Basic shares | 68.68M | 68.43M | 68.22M | 68.22M | 67.28M | +0.4% |
| Diluted shares | 68.68M | 100.29M | 73.28M | 68.22M | 67.28M | -31.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $93.86M | $93.39M | $124.35M | $116.28M | $80.23M | +0.5% |
| Cash & short-term investments | $93.86M | $93.39M | $124.35M | $116.28M | $80.23M | +0.5% |
| Accounts receivable | $27.67M | $37.05M | $32.84M | $32.82M | $32.67M | -25.3% |
| Inventory | $3.28M | $4.87M | $4.74M | $4.63M | $4.74M | -32.7% |
| Total current assets | $549.73M | $253.41M | $254.39M | $255.72M | $211.43M | +116.9% |
| Property, plant & equipment | $330.00K | $30.60M | $30.74M | $34.36M | $34.52M | -98.9% |
| Goodwill & intangibles | $0 | $2.65M | $2.75M | $2.84M | $2.94M | -100.0% |
| Total assets | $1.66B | $1.85B | $1.86B | $2.01B | $2.06B | -10.3% |
| Total current liabilities | $426.50M | $195.51M | $187.53M | $168.78M | $145.09M | +118.1% |
| Current debt | — | — | — | $5.36M | — | — |
| Long-term debt | $745.92M | $1.11B | $1.10B | $1.16B | $1.21B | -32.6% |
| Total debt | $746.30M | $1.13B | $1.12B | $1.18B | $1.23B | -33.7% |
| Total liabilities | $1.49B | $1.68B | $1.70B | $1.78B | $1.82B | -11.3% |
| Retained earnings | -$561.60M | -$561.57M | -$568.50M | -$515.84M | -$502.44M | -0.0% |
| Shareholder equity | $147.03M | $147.01M | $138.68M | $211.89M | $225.13M | +0.0% |
| Working capital | $123.22M | $57.89M | $66.86M | $86.94M | $66.33M | +112.8% |
| Net tangible assets | $147.03M | $144.36M | $135.94M | $209.04M | $222.19M | +1.8% |
| Shares issued | 68.68M | 68.68M | 68.22M | 68.22M | 68.22M | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $6.94M | $18.03M | -$36.96M | $4.72M | -$6.84M | -61.5% |
| Depreciation & amortisation | $21.53M | $22.67M | $22.77M | $23.27M | $23.47M | -5.1% |
| Stock-based compensation | $0 | $0 | -$426.00K | $75.00K | -$47.00K | — |
| Change in working capital | $5.67M | -$20.50M | $5.55M | $2.96M | $3.23M | +127.6% |
| Operating cash flow | $20.92M | $21.95M | $8.34M | -$5.76M | $23.05M | -4.7% |
| Investing cash flow | $164.05M | -$11.88M | $103.13M | $118.16M | $2.54M | +1,481.4% |
| Share buybacks | -$16.29M | -$17.00M | -$17.64M | -$19.14M | -$14.63M | +4.2% |
| Dividends paid | -$7.26M | -$11.13M | -$11.42M | -$11.71M | -$11.99M | +34.8% |
| Financing cash flow | -$181.81M | -$28.16M | -$108.60M | -$84.13M | -$26.14M | -545.6% |
| Free cash flow | $20.92M | $21.95M | $8.34M | -$5.76M | $17.54M | -4.7% |
| End cash position | $151.90M | $148.74M | $166.83M | $163.96M | $135.69M | +2.1% |
Options analytics
Put / call volume
0.03
Call-heavy session
Put / call open interest
0.22
Positioning, not flow
Max pain
2.50
+64.5% from spot
ATM implied vol
50.0%
Nearest strike to spot
Skew (10% OTM)
-50.0%
Calls bid over puts
Call volume
38
Contracts, this expiry
Put volume
1
Contracts, this expiry
Heaviest call OI
2.50
391 contracts
Heaviest put OI
2.50
95 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Mar 2026 | -0.16 | 0.07 | +143.8% |
| Dec 2025 | -0.51 | -0.67 | -31.4% |
| Sep 2025 | -0.66 | -0.12 | +81.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $101.42M | -29.3% |
| Next quarter | — | — | $103.64M | -37.4% |
| Current year | — | — | $585.07M | -16.9% |
| Next year | — | — | $400.57M | -31.5% |
Analyst targets & ownership
Mean target$2.50
High target$2.50
Low target$2.50
Implied upside64.47%
Analyst count1
ConsensusNONE
Strong buy / Buy0 / 0
Hold2
Sell / Strong sell0 / 0
Held by insiders16.38%
Held by institutions55.99%
Institutions holding174
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
1.65
-8.05% from price
SMA 20
1.74
-12.72% from price
SMA 50
1.93
-21.43% from price
SMA 100
2.10
-27.45% from price
SMA 200
2.40
-36.56% from price
EMA 12
1.67
-8.75% from price
EMA 26
1.77
-13.96% from price
EMA 50
1.89
-19.38% from price
RSI (14)
19.7
Oversold
MACD (12,26,9)
-0.10
Hist -0.01
ATR (14)
0.06
3.85% of price
Realised vol 30D
31.5%
Annualised
Bollinger upper
1.95
20, 2σ
Bollinger lower
1.53
20, 2σ
50 / 200 cross
Death
1.93 vs 2.40
Trend bias
Below 200
-36.56%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.59
Less volatile than market
Correlation to SPY
0.17
Largely independent
Realised vol 30D
31.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-51.6%
Peak to trough
Max drawdown 5Y
-77.0%
Peak to trough
ATR 14
0.06
3.85% of price
Beta (reported)
0.83
5Y monthly, from filing
Short interest
Shares short
2.14M
Prior 1.78M
Change vs prior
+20.0%
Shorts adding
% of float
3.24%
Normal
% of shares out
3.11%
Against total outstanding
Days to cover
6.0
Crowded exit
Float
52.38M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 28, 26 | Baird | MAINTAINED | Neutral | Neutral |
| Jun 15, 26 | Baird | MAINTAINED | Neutral | Neutral |
| Mar 18, 24 | B. Riley Securities | MAINTAINED | Neutral | Neutral |
| Aug 14, 23 | B. Riley Securities | DOWNGRADE | Buy | Neutral |
| Jul 20, 23 | Oppenheimer | DOWNGRADE | Outperform | Perform |
| Jul 5, 23 | Oppenheimer | MAINTAINED | Outperform | Outperform |
| May 16, 23 | B. Riley Securities | MAINTAINED | Buy | Buy |
| Mar 7, 23 | B. Riley Securities | MAINTAINED | — | Buy |
| Mar 1, 23 | Oppenheimer | MAINTAINED | — | Outperform |
| Oct 25, 22 | Deutsche Bank | MAINTAINED | — | Buy |
| Aug 22, 22 | Deutsche Bank | MAINTAINED | — | Buy |
| May 18, 22 | Deutsche Bank | MAINTAINED | — | Buy |
Dividends & splits
Forward rate$0.20 / yr
Forward yield13.16%
5-year avg yield1.46%
Payout ratio300.00%
Ex-dividend dateDec 31, 2025
Next pay dateJan 15, 2026
Last split101:100
Split dateOct 28, 2019
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-29
Corporate Changes & Voting Matters
8-K · 2026-09-23
Notice of exempt solicitation
PX14A6G · 2026-09-17
Proxy Statements
DFAN14A · 2026-09-16
Proxy Statements
DFAN14A · 2026-09-14
Proxy Statements
DFAN14A · 2026-09-08
Corporate Changes & Voting Matters
8-K · 2026-09-04
Corporate Changes & Voting Matters
8-K · 2026-08-17
Headlines
BRAEMAR HOTELS & RESORTS TO ANNOUNCE THIRD QUARTER 2026 FINANCIAL RESULTS ON NOVEMBER 4, 2026
PR Newswire · 22d ago
Braemar shareholder Al Shams nominates 5 directors to trust’s board
Hotel Dive · 22d ago
Hotel REIT Braemar Stock Tumbles as Investor Sparks Proxy Fight
Barrons.com · 27d ago
Braemar shareholder Al Shams intends to nominate directors to REIT’s board
Hotel Dive · 28d ago
Al Shams Expresses Intention to Nominate Majority Slate of Independent Directors for Braemar Hotels & Resorts
PR Newswire · 29d ago
Sixth Street Acquires Key West Pier House Resort for $190M
CRE Daily · 54d ago
Braemar sells Key West resort for $190M amid shift to self-managed REIT
Hotel Dive · 55d ago
Braemar Hotels & Resorts: Q2 Earnings Snapshot
Associated Press · 63d ago
PRIVATE STRATEGY · BY QUALIFICATION
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