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BHR · Braemar Hotels & Resorts Inc.

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$1.73 +0.05 (+2.98%) At close · Nov 13
Market Cap
$118.82M
Shares
68.68M
Volume · Nov 13 396.73K Avg daily vol (3M) 556.75K

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$1.73 Open$1.67 Day$1.65–1.74 52W close$1.21–3.14 Avg vol 30d688K Short int2.0M · 3.0% of shares · 2.6d Short vol59% Last earningsMay 6, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 5

Latest documents

2026
Nov 10
Proxy statement DEFA14A
Self-management transition ends advisory agreement

Braemar Hotels & Resorts Inc. completed its transition to self-management on November 10, 2026, terminated its advisory agreement with Ashford and appointed seven new independent directors whose service becomes effective upon proxy statement filing.

Read from the first part of this long document
3 source passages
This Current Report on Form 8-K is being filed by Braemar Hotels & Resorts Inc. (the “Company” or “Braemar”) in connection with the completion of the Company’s transition to self-management as an internally managed real estate investment trust (“REIT”). The remaining balance of the Termination Payments and the Expense Reimbursement were paid to Ashford in full simultaneously with the execution of the Termination Agreement on November 10, 2026, immediately following which the Advisory Agreement and the Letter Agreement terminated (other than certain surviving provisions described below). On November 10, 2026, the Board of Directors appointed the following seven (7) new independent directors to serve on the Board of Directors, effective upon the filing of the Proxy Statement: Craig A. Barbarosh, Kevin Covey, Stephen Haggerty, Daniel J. Hirsch, Kevin Luebbers, Gail P. Steinel, and Stephen W. Theriot. Open the document at this passage
Nov 10
Current report 8-K
Self-management transition completed November 10, 2026

Braemar Hotels & Resorts Inc. completed its transition to self-management on November 10, 2026, terminating the advisory agreement with Ashford Inc. and replacing six incumbent directors with seven new independent directors upon proxy filing.

Entered into a material agreement, Ended a material agreement, Change in control, Director or officer change, or executive pay, Charter or bylaw amendment, or fiscal year change, Code of ethics change or waiver, Regulation FD disclosure Read from the first part of this long document
3 source passages
This Current Report on Form 8-K is being filed by Braemar Hotels & Resorts Inc. (the “Company” or “Braemar”) in connection with the completion of the Company’s transition to self-management as an internally managed real estate investment trust (“REIT”). On November 10, 2026, the Company and certain of its affiliates (collectively, the “Braemar Parties”) entered into a Termination and Release Agreement (the “Termination Agreement”) with Ashford Inc. (“Ashford”) and certain of its affiliates party thereto (collectively, the “Ashford Parties”). On November 10, 2026, six incumbent directors submitted resignations and the Board appointed seven new independent directors, all to become effective upon the filing of the Company’s definitive proxy statement on Schedule 14A (the “Proxy Statement”), as described in Item 5.02. Open the document at this passage
Nov 5
Current report 8-K
RevPAR and Hotel EBITDA Growth Support 2027 Outlook

Braemar Hotels & Resorts Inc. reported Third Quarter 2026 comparable RevPAR growth of 14.4% and Hotel EBITDA growth of 20.7%, and reaffirmed its 2027 earnings guidance.

Regulation FD disclosure
3 source passages
On November 5, 2026, Braemar Hotels & Resorts Inc. released an investor presentation. Third Quarter 2026 Hotel Results Comparable RevPAR grew 14.4% to $284, the second-highest Q3 RevPAR in the Company’s history, trailing only the post-pandemic recovery in 2022, and driving a 20.7% increase in comparable Hotel EBITDA The Company is reaffirming the one-time financial guidance previously issued and shown below so that shareholders can more fully understand the future of Braemar on a pro forma basis as it undergoes its transition 2027 Earnings Guidance Open the document at this passage
Nov 5
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3 AI summary on its way
Revenue $101.58M ▼ 29.2% Net loss $233.27M Diluted EPS -$3.51
Nov 4
Proxy statement DEFA14A
RevPAR rose 14.4%, but $480.0 million fee drove net loss

Braemar Hotels & Resorts Inc. reported third-quarter comparable RevPAR up 14.4% to $284 and Comparable Hotel EBITDA up 20.7% to $12.9 million, but a $240.9 million net loss primarily reflected a $480.0 million external-advisor termination fee.

Read from the first part of this long document
4 source passages
Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) today reported financial results and performance measures for the third quarter ended September 30, 2026. Comparable RevPAR for all hotels totaled $284, an increase of 14.4% over the prior year quarter Comparable Hotel EBITDA: $12.9 million for the quarter, up 20.7% over the prior year quarter. Net loss attributable to common stockholders for the quarter was $240.9 million or ($3.51) per diluted share, compared with a net loss of $8.2 million or ($0.12) per diluted share in the prior year quarter, primarily due to the $480.0 million termination fee payable to our external advisor recorded during the quarter. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$647.15M
Trailing 12 months
Net income (TTM)
−$242.12M
Trailing 12 months
Revenue growth YoY
-29.2%
Year over year
Operating margin
-28.7%
Trailing 12 months
P / AFFO
4.3×
Company-stated · TTM · reciprocal yield 23.3%
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Net cash
−$364.10M
Latest balance sheet
Dividend yield
2.9%
Trailing 12 months
Shares change YoY
+0.7%
Year over year · more shares
Price change (1Y)
-36.2%
Trailing year
Short interest
3.0%
Latest settlement · 2.6 days to cover
View all 129 metrics

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Neutral Momentum Weak Sentiment Bullish Fundamentals Fair Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg −21%
below
Price vs 50-day avg +10%
above
RSI (14) 67
neutral
MACD trend Positive
52-week position 27%
mid-range
Volume (OBV) Bearish div.
distributing
Momentum
relative strength
Weak
1-month return +21%
trailing
6-month return −31%
trailing
YTD return −40%
this year
Relative strength −32%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $2 › 200d $2 — 200d above 50d
Institutional flow Accumulating
104 of 128 funds reported for Sep 30 · net +1.7M sh shares · +12 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
2.97% of shares out · ▼ -5.3% MoM · 2.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
128 holders — mid 3-yr range
Squeeze score 50
elevated · 0–100
Fundamentals
Fair
Revenue growth +13%
Y/Y
EPS growth −39%
Y/Y
Buyback $50.0M
authorized
Balance sheet $979.1M
net debt
Quant / Vol
risk profile
Very High
Volatility 51%
annualized · 1-yr
Max drawdown −61%
past year
ATR 5.7%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Technicals

trend & momentum for long-term holders Neutral
2 · 3 · 2
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−21% Bearish
Price vs 50-day avg
+10% Bullish
RSI (14)
67 Neutral
MACD trend
Positive Bullish
52-week position
27% Neutral
Volume (OBV)
Bearish div. Bearish
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $2 › 200d $2 — 200d above 50d
Institutional flow Accumulating
104 of 128 funds reported for Sep 30 · net +1.7M sh shares · +12 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
2.97% of shares out · ▼ -5.3% MoM · 2.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
128 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $1 Now $2 · 27% Range high $3
vs 200-day avg -21% vs 50-day avg +10%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
EBITDA non-GAAP $51.37M Three Months Ended June 30, 2026 filing —
Hotel adjusted EBITDA non-GAAP 47.95M Three Months Ended June 30, 2026 filing —
Number of Hotels 13 Three Months Ended June 30, 2026 filing —
Adjusted EBITDAre non-GAAP 104.33M Six Months Ended June 30 —
Adjusted FFO available to common stockholders and OP unitholders non-GAAP 47.91M Six Months Ended June 30 —
Adjusted FFO per diluted share available to common stockholders and OP unitholders non-GAAP $0.65 Six Months Ended June 30 —
ADR $638.93 Six Months Ended June 30 —
Comparable ADR non-GAAP $545 second quarter 2026 —
Comparable Hotel EBITDA non-GAAP $48.4M second quarter 2026 —
Comparable Occupancy non-GAAP 72.6% second quarter 2026 —
Comparable RevPAR non-GAAP $396 second quarter 2026 —
Comparable Total RevPAR non-GAAP $652 second quarter 2026 —
EBITDAre 97.23M Six Months Ended June 30 —
FFO available to common stockholders and OP unitholders 31.13M Six Months Ended June 30 —
Hotel EBITDA 123.42M Six Months Ended June 30 —
Hotel EBITDA margin 27.11% TTM ended June 30, 2026 —
Net debt to gross assets non-GAAP 43.5% second quarter 2026 —
Occupancy 67.65% Six Months Ended June 30, 2026 —
RevPAR $432.22 Six Months Ended June 30 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

REIT - Hotel & Motel — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
BHR
Braemar Hotels & Resorts Inc.
this stock
$118.82M -39.7% +13.0% — 3.0%
HST
Host Hotels & Resorts, Inc.
$17.47B +43.8% -0.8% 18.6 5.8%
RHP
Ryman Hospitality Properties, Inc.
$9.32B +42.8% +3.1% 32.6 3.8%
APLE
Apple Hospitality REIT, Inc.
$4.59B +64.2% +19.0% 24.6 5.6%
PK
Park Hotels & Resorts Inc.
$3.27B +54.6% +2.3% — 13.6%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
123
% held
51.1%
Reported
104 of 128
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
104
View
Short & Settlement
Short Interest Falling
Shares short
2.0M
Days to cover
2.6d
Change
-113.9K sh
View
Short Volume
Short vol %
59%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
7.2K
Value
$9.0K
As of
Oct 14, 2026
View
Off-Exchange
Off-exchange %
35.5%
Week of
Oct 5, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$704.0M
Net income (FY)
$-22.3M
EPS diluted
$-1.07
View
Buybacks
Authorized
$50.0M
View
Filings
SEC Filings
Latest
DEFA14A
Filed
Nov 10, 2026
This year
55

Braemar Hotels & Resorts Inc. completed its transition to self-management on November 10, 2026, terminated its advisory agreement with Ashford and appointed seven new independent directors whose service becomes effective upon proxy statement filing.

View
Proposed Sales
Value
$144.0K
Shares
50.0K
Filed
Mar 20, 2026
View
Earnings & Events
Webcasts
Last webcast
May 6, 2026
View
Investor Relations
Latest news
BRAEMAR HOTELS & RESORTS ANNOUNCE…
Published
Nov 10, 2026
View

Performance

5D 20D 120D MTD YTD
BHR +10.9% +21.0% -31.4% +33.1% -39.7%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +8.3% +22.1% -31.9% +33.3% -50.3%

Capital returns

Latest dividend
$0.05 / share · ex Dec 31, 2025
Raised 400%
Paid (TTM)
$0.05 / share · 1 payout
Dividend yield (TTM, derived)
— · history filling in
Full dividend history
Buyback program · as of May 3, 2024
Authorized
$50.00M
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1574085 CUSIP 10482B101 13F (30d) 101 filings 83 filers Visit website Investor relations