Braemar Hotels & Resorts (BHR)
Market Price (5/6/2026): $2.47 | Market Cap: $168.5 MilSector: Financials | Industry: Diversified Capital Markets
Braemar Hotels & Resorts (BHR)
Market Price (5/6/2026): $2.47Market Cap: $168.5 MilSector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 24% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Sustainable & Green Buildings. Themes include Luxury Hospitality, and Sustainable Hospitality. | Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -95% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 593% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg QQuarterly Revenue Change % is -4.5% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -17% Key risksBHR key risks include [1] a substantial debt load with significant floating-rate exposure creating liquidity and refinancing challenges and [2] persistent unprofitability with sharply declining earnings projections and a high probability of bankruptcy. |
| Attractive yieldFCF Yield is 24% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Sustainable & Green Buildings. Themes include Luxury Hospitality, and Sustainable Hospitality. |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -95% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 593% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.3%, Rev Chg QQuarterly Revenue Change % is -4.5% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -17% |
| Key risksBHR key risks include [1] a substantial debt load with significant floating-rate exposure creating liquidity and refinancing challenges and [2] persistent unprofitability with sharply declining earnings projections and a high probability of bankruptcy. |
Qualitative Assessment
AI Analysis | Feedback
1. Braemar Hotels & Resorts significantly missed Q4 2025 earnings expectations. The company reported an Adjusted EPS of ($0.67) on February 26, 2026, a substantial miss compared to the consensus estimate of ($0.05) per share. This performance was coupled with a negative net margin of 3.17% and a negative return on equity of 11.08%, signaling underlying profitability concerns to investors.
2. The company faced a high debt burden and looming maturities, creating refinancing risk. As of December 31, 2025, Braemar had a total debt balance of $1.1 billion with a weighted-average interest rate of 6.65% and a net debt to gross assets ratio of 46.7%. Approximately $130 million of this debt was scheduled for repayment in 2026, contributing to investor uncertainty regarding the company's financial flexibility.
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Stock Movement Drivers
Fundamental Drivers
The -7.5% change in BHR stock from 1/31/2026 to 5/5/2026 was primarily driven by a -6.5% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.67 | 2.47 | -7.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 712 | 704 | -1.1% |
| P/S Multiple | 0.3 | 0.2 | -6.5% |
| Shares Outstanding (Mil) | 68 | 68 | 0.0% |
| Cumulative Contribution | -7.5% |
Market Drivers
1/31/2026 to 5/5/2026| Return | Correlation | |
|---|---|---|
| BHR | -7.5% | |
| Market (SPY) | 3.6% | 36.1% |
| Sector (XLF) | -3.0% | 39.4% |
Fundamental Drivers
The -1.4% change in BHR stock from 10/31/2025 to 5/5/2026 was primarily driven by a -1.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.51 | 2.47 | -1.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 717 | 704 | -1.8% |
| P/S Multiple | 0.2 | 0.2 | 1.7% |
| Shares Outstanding (Mil) | 67 | 68 | -1.4% |
| Cumulative Contribution | -1.4% |
Market Drivers
10/31/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| BHR | -1.4% | |
| Market (SPY) | 5.5% | 30.7% |
| Sector (XLF) | -0.6% | 35.3% |
Fundamental Drivers
The 39.5% change in BHR stock from 4/30/2025 to 5/5/2026 was primarily driven by a 48.1% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.77 | 2.47 | 39.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 728 | 704 | -3.3% |
| P/S Multiple | 0.2 | 0.2 | 48.1% |
| Shares Outstanding (Mil) | 67 | 68 | -2.5% |
| Cumulative Contribution | 39.5% |
Market Drivers
4/30/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| BHR | 39.5% | |
| Market (SPY) | 30.4% | 40.0% |
| Sector (XLF) | 7.4% | 37.9% |
Fundamental Drivers
The -20.5% change in BHR stock from 4/30/2023 to 5/5/2026 was primarily driven by a -27.5% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.11 | 2.47 | -20.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 670 | 704 | 5.1% |
| P/S Multiple | 0.3 | 0.2 | -27.5% |
| Shares Outstanding (Mil) | 71 | 68 | 4.2% |
| Cumulative Contribution | -20.5% |
Market Drivers
4/30/2023 to 5/5/2026| Return | Correlation | |
|---|---|---|
| BHR | -20.5% | |
| Market (SPY) | 78.7% | 35.7% |
| Sector (XLF) | 63.2% | 36.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BHR Return | 11% | -18% | -35% | 30% | 3% | -16% | -34% |
| Peers Return | 14% | -22% | 25% | -1% | -9% | 15% | 14% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 92% |
Monthly Win Rates [3] | |||||||
| BHR Win Rate | 50% | 50% | 33% | 42% | 58% | 40% | |
| Peers Win Rate | 48% | 43% | 53% | 42% | 45% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 40% | |
Max Drawdowns [4] | |||||||
| BHR Max Drawdown | -9% | -32% | -50% | -26% | -37% | -22% | |
| Peers Max Drawdown | -6% | -28% | -9% | -16% | -34% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HST, PK, PEB, SHO, DRH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/5/2026 (YTD)
How Low Can It Go
| Event | BHR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.6% | -18.8% |
| % Gain to Breakeven | 40.0% | 23.1% |
| Time to Breakeven | 58 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -44.2% | -9.5% |
| % Gain to Breakeven | 79.3% | 10.5% |
| Time to Breakeven | 245 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.6% | -24.5% |
| % Gain to Breakeven | 27.5% | 32.4% |
| Time to Breakeven | 14 days | 427 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.0% | -19.2% |
| % Gain to Breakeven | 35.2% | 23.7% |
| Time to Breakeven | 43 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -31.2% | -3.7% |
| % Gain to Breakeven | 45.4% | 3.9% |
| Time to Breakeven | 626 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.2% | -12.2% |
| % Gain to Breakeven | 28.6% | 13.9% |
| Time to Breakeven | 88 days | 62 days |
In The Past
Braemar Hotels & Resorts's stock fell -28.6% during the 2025 US Tariff Shock. Such a loss loss requires a 40.0% gain to breakeven.
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Asset Allocation
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| Event | BHR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -28.6% | -18.8% |
| % Gain to Breakeven | 40.0% | 23.1% |
| Time to Breakeven | 58 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -44.2% | -9.5% |
| % Gain to Breakeven | 79.3% | 10.5% |
| Time to Breakeven | 245 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -21.6% | -24.5% |
| % Gain to Breakeven | 27.5% | 32.4% |
| Time to Breakeven | 14 days | 427 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.0% | -19.2% |
| % Gain to Breakeven | 35.2% | 23.7% |
| Time to Breakeven | 43 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -31.2% | -3.7% |
| % Gain to Breakeven | 45.4% | 3.9% |
| Time to Breakeven | 626 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.2% | -12.2% |
| % Gain to Breakeven | 28.6% | 13.9% |
| Time to Breakeven | 88 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -38.4% | -6.8% |
| % Gain to Breakeven | 62.4% | 7.3% |
| Time to Breakeven | 165 days | 15 days |
In The Past
Braemar Hotels & Resorts's stock fell -28.6% during the 2025 US Tariff Shock. Such a loss loss requires a 40.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Braemar Hotels & Resorts (BHR)
AI Analysis | Feedback
Analogy 1: "Simon Property Group for luxury hotels."
Analogy 2: "Equity Residential for luxury hotels."
AI Analysis | Feedback
- Luxury Hotel Accommodations: Providing guests with high-end rooms, suites, and personalized services in prime urban and destination hotels.
- Upscale Resort Experiences: Offering comprehensive luxury services and amenities such as fine dining, spa facilities, golf courses, and various recreational activities at its resort properties.
AI Analysis | Feedback
Braemar Hotels & Resorts (BHR) sells primarily to individuals. The company's major customer categories include:- Luxury Leisure Travelers: Individuals, couples, and families seeking high-end vacation experiences, often willing to pay a premium for exclusive amenities, superior service, and unique destinations.
- Affluent Business Travelers and Corporate Groups: Business executives, professionals, and corporate clients requiring premium accommodations and facilities for business trips, meetings, and corporate events. They prioritize comfort, service quality, and convenient business amenities.
- Event and Group Attendees: Individuals participating in special events, conferences, weddings, or other organized gatherings hosted at Braemar's luxury properties. While bookings may originate from a company or event planner, the ultimate customers are the individual guests attending these events.
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- Marriott International, Inc. (MAR)
- Hilton Worldwide Holdings Inc. (HLT)
- Hyatt Hotels Corporation (H)
- Accor S.A. (ACCYY)
- Four Seasons Hotels and Resorts
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Richard J. Stockton Chief Executive Officer and President
Mr. Stockton has served as Chief Executive Officer of Braemar Hotels & Resorts since November 2016 and as President since April 2017. He brings extensive real estate experience from his over 15 years at Morgan Stanley in real estate investment banking, where he progressed from an Associate to Managing Director and regional group head, leading EMEA Real Estate Banking in London and co-heading the Asia Pacific Real Estate Banking Group. In 2013, he became President & CEO-Americas for OUE Limited, a publicly listed Singaporean property company. Most recently, he served as Global Chief Operating Officer for Real Estate at Carval Investors, a subsidiary of Cargill.
Deric S. Eubanks Chief Financial Officer
Mr. Eubanks has served as Chief Financial Officer of Braemar Hotels & Resorts since June 2014, and also holds the CFO position for Ashford Hospitality Trust and Ashford Inc. In this role, he oversees all corporate finance, financial reporting initiatives, and capital market activities, including equity raises and debt financings, as well as investor relations. His prior roles at Ashford Trust include Senior Vice President of Finance and Vice President of Investments, where he was responsible for sourcing and underwriting various hotel investments. Before joining Ashford, he was a Manager of Financial Analysis at ClubCorp, focusing on golf and resort investment analysis. Mr. Eubanks will be voluntarily terminating his employment as Chief Financial Officer effective March 31, 2026.
Justin Coe Chief Accounting Officer (Incoming Principal Financial Officer)
Mr. Coe currently serves as Braemar's Chief Accounting Officer and principal accounting officer. Effective March 31, 2026, he will assume the role of principal financial officer for Braemar Hotels & Resorts.
Jim Plohg Executive Vice President, General Counsel and Secretary
Mr. Plohg has served as Executive Vice President, General Counsel and Secretary for Braemar Hotels & Resorts Inc., Ashford Inc., and Ashford Hospitality Trust, Inc. since December 2025. He is responsible for leading the legal and compliance functions across a portfolio that includes public real estate investment trusts, an alternative asset manager, real estate private equity funds, and multiple operating companies.
Monty J. Bennett Founder & Chairman
Mr. Bennett is the Founder and Chairman of Braemar Hotels & Resorts, as well as the Founder, Chairman, and Chief Executive Officer of Ashford Inc. and Founder & Chairman of Ashford Hospitality Trust. He has been instrumental in the creation and strategic direction of these interrelated hotel and advisory platforms.
AI Analysis | Feedback
Here are the key risks to Braemar Hotels & Resorts (BHR):- High Debt Levels and Exposure to Floating Interest Rates: Braemar Hotels & Resorts faces significant risk from its elevated debt levels, a substantial portion of which is tied to floating interest rates. As of Q1 2025, 77% of its debt was subject to floating rates, exposing the company to interest rate fluctuations that can increase its cost of capital and depress asset valuations. The company also faces considerable debt maturities through 2026 and has been noted for having insufficient free cash flow to service debt and dividends, often relying on asset sales to cover these obligations.
- External Advisory Agreement with Ashford Inc. and Governance Concerns: The external advisory agreement with Ashford Inc. presents a notable risk, particularly due to the associated fees. There are concerns among shareholders and analysts regarding a potential $480 million termination fee for this agreement, a figure that is reportedly greater than the company's entire market capitalization. This agreement, along with broader concerns about governance and fiduciary oversight, is cited as a key reason for a sustained disconnect between Braemar's share price and the intrinsic value of its luxury hotel portfolio.
- Macroeconomic Swings, Luxury Travel Volatility, and Rising Operating Costs: Braemar Hotels & Resorts is susceptible to macroeconomic swings and volatility within the luxury travel segment, which can lead to compressed operating margins and occupancy rates across its portfolio. Additionally, the company faces ongoing pressure from rising labor costs and increasing coastal insurance expenses, further impacting its profitability.
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The clear emerging threat to Braemar Hotels & Resorts is the proliferation and growing sophistication of high-end short-term rental platforms and luxury alternative accommodation services. These platforms offer travelers unique, often more spacious, and personalized luxury experiences in private residences, villas, and estates, directly competing with the traditional luxury hotel model for affluent guests and group bookings.AI Analysis | Feedback
The addressable market for Braemar Hotels & Resorts' main products and services, which are luxury hotels and resorts, is substantial on a global scale. In 2026, the global luxury hotel market size is estimated to be approximately USD 150.22 billion and is projected to reach USD 223.56 billion by 2031, growing at a compound annual growth rate (CAGR) of 8.28%.
Other estimates for the global luxury hotel market size in 2026 include USD 212.75 billion, with a projection to reach USD 354.28 billion by 2035 at a CAGR of 5.2% from 2026 to 2035. Another report estimates the market at USD 231.23 billion in 2026, expecting it to reach USD 317.5 billion by 2035, with a CAGR of 4% from 2026 to 2035.
North America consistently holds a significant share of this market, with one source indicating it held 36.1% in 2025, and another suggesting it contributes 40.9% to the market's growth. The United States alone accounts for over 1,200 luxury hotel properties and approximately 180,000 upscale rooms.
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Here are 3-5 expected drivers of future revenue growth for Braemar Hotels & Resorts (BHR) over the next 2-3 years:- Continued Strong Performance of Luxury Resort Portfolio: Braemar Hotels & Resorts is strategically focused on luxury hotels and resorts, a segment that has consistently shown strong performance. Key properties like the Ritz-Carlton Lake Tahoe, Ritz-Carlton Reserve Dorado Beach, and Four Seasons Resort Scottsdale have demonstrated significant growth in Revenue Per Available Room (RevPAR) and Hotel EBITDA, and this outperformance in the luxury resort segment is expected to continue to drive overall revenue.
- Increase in Group Bookings and Demand: The company has reported a robust recovery and sustained growth in group room revenue. The booking pace for group business is strong, with projections indicating continued increases for 2025 and 2026, contributing significantly to future revenue.
- Strategic Renovations and Capital Investments: Braemar is actively undertaking substantial capital expenditure programs for renovations and strategic repositioning of its properties. These investments, such as the rebranding of Cameo Beverly Hills to Hilton's luxury LXR brand, are designed to enhance asset value, boost RevPAR, and are projected to result in a 15% uplift in property-level EBITDA from completed upgrades by 2026.
- Strategic Portfolio Realignment and Capital Recycling: The company is employing a disciplined capital recycling program, which involves divesting non-core domestic assets and redeploying the proceeds into higher-margin opportunities, including international properties and branded residential conversions. This strategic portfolio management aims to optimize the company's revenue mix and margin profile, thereby driving future growth.
- Leveraging Luxury Travel Demand and Premium Pricing Power: Braemar's portfolio of high-end luxury hotels is well-positioned to capitalize on the resilient demand for luxury travel. The company's ability to maintain premium average daily rates (ADR) and RevPAR levels, which continue to exceed pre-pandemic figures in the luxury and upper-upscale segments, provides a strong foundation for future revenue growth.
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Share Repurchases
- Braemar Hotels & Resorts authorized a stock repurchase program of up to $25 million in December 2022.
- The company's strategy includes recycling capital through selective dispositions, renovations, and potential share repurchases.
Share Issuance
- Approximately $149 million of non-traded preferred stock has been redeemed as of Q4 2025, representing about 32% of the original capital raised.
- During the fourth quarter of 2025, the company redeemed approximately $17.7 million of its non-traded preferred stock in cash.
Inbound Investments
- Blackwells Capital disclosed a beneficial ownership stake of 5.8% (3,969,500 common shares) in Braemar Hotels & Resorts in November 2025.
- Al Shams Investments Limited and Wafic Rida Said reported a 9.55% beneficial ownership of 6,513,000 common shares in Braemar Hotels & Resorts as of November 5, 2025, acquired for approximately $50.7 million.
Outbound Investments
- On November 6, 2025, Braemar sold The Clancy hotel for $115 million in cash, using about $64.7 million to pay down debt and retaining approximately $43.7 million in net proceeds.
- On August 7, 2025, Braemar sold the Marriott Seattle Waterfront for $145 million, recording a gain of $40,970.
Capital Expenditures
- Braemar invested approximately $78 million in capital expenditures during 2025.
- The company anticipates spending between $25 million and $35 million in capital expenditures in 2026.
- Major capital expenditures in 2025 focused on guestroom renovations at Hotel Yountville, Ritz-Carlton Lake Tahoe, and Park Hyatt Beaver Creek, as well as converting underutilized space at Bardessono Hotel & Spa.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Braemar Hotels & Resorts Earnings Notes | 12/16/2025 | |
| Would You Still Hold Braemar Hotels & Resorts Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to BHR.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.00 |
| Mkt Cap | 2.0 |
| Rev LTM | 1,312 |
| Op Inc LTM | 134 |
| FCF LTM | 178 |
| FCF 3Y Avg | 166 |
| CFO LTM | 261 |
| CFO 3Y Avg | 245 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.2% |
| Rev Chg 3Y Avg | 1.6% |
| Rev Chg Q | 4.6% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Inc Chg LTM | 10.6% |
| Op Inc Chg 3Y Avg | -5.6% |
| Op Mgn LTM | 9.0% |
| Op Mgn 3Y Avg | 10.4% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 19.3% |
| CFO/Rev 3Y Avg | 18.6% |
| FCF/Rev LTM | 14.3% |
| FCF/Rev 3Y Avg | 13.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.0 |
| P/S | 1.5 |
| P/Op Inc | 14.5 |
| P/EBIT | 17.6 |
| P/E | 5.8 |
| P/CFO | 7.6 |
| Total Yield | 0.6% |
| Dividend Yield | 1.9% |
| FCF Yield 3Y Avg | 8.2% |
| D/E | 1.0 |
| Net D/E | 0.9 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 11.3% |
| 3M Rtn | 14.7% |
| 6M Rtn | 27.6% |
| 12M Rtn | 39.1% |
| 3Y Rtn | 15.9% |
| 1M Excs Rtn | 1.1% |
| 3M Excs Rtn | 9.8% |
| 6M Excs Rtn | 20.3% |
| 12M Excs Rtn | 9.2% |
| 3Y Excs Rtn | -49.7% |
Price Behavior
| Market Price | $2.47 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 11/06/2013 | |
| Distance from 52W High | -21.3% | |
| 50 Days | 200 Days | |
| DMA Price | $2.51 | $2.61 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -1.6% | -5.4% |
| 3M | 1YR | |
| Volatility | 43.1% | 53.6% |
| Downside Capture | 1.18 | 0.86 |
| Upside Capture | 82.87 | 147.80 |
| Correlation (SPY) | 35.7% | 39.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.64 | 1.27 | 1.15 | 1.02 | 1.74 | 1.33 |
| Up Beta | 1.40 | 1.20 | 0.95 | 0.65 | 2.36 | 1.08 |
| Down Beta | 2.51 | 1.23 | 1.04 | 1.10 | 1.23 | 1.13 |
| Up Capture | 82% | 56% | 93% | 105% | 198% | 271% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 9 | 14 | 23 | 49 | 106 | 323 |
| Down Capture | 653% | 196% | 154% | 120% | 142% | 111% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 11 | 26 | 35 | 66 | 126 | 384 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BHR | |
|---|---|---|---|---|
| BHR | 28.0% | 53.6% | 0.64 | - |
| Sector ETF (XLF) | 5.3% | 14.6% | 0.14 | 36.7% |
| Equity (SPY) | 27.8% | 12.5% | 1.73 | 39.1% |
| Gold (GLD) | 40.6% | 27.2% | 1.23 | 6.7% |
| Commodities (DBC) | 50.1% | 18.0% | 2.16 | -6.0% |
| Real Estate (VNQ) | 11.0% | 13.4% | 0.53 | 40.6% |
| Bitcoin (BTCUSD) | -17.3% | 42.2% | -0.34 | 16.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BHR | |
|---|---|---|---|---|
| BHR | -12.4% | 54.8% | -0.03 | - |
| Sector ETF (XLF) | 9.4% | 18.7% | 0.39 | 41.9% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 41.5% |
| Gold (GLD) | 20.2% | 17.9% | 0.92 | 9.1% |
| Commodities (DBC) | 14.0% | 19.1% | 0.60 | 11.7% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.09 | 44.0% |
| Bitcoin (BTCUSD) | 7.9% | 56.2% | 0.35 | 18.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BHR | |
|---|---|---|---|---|
| BHR | -9.9% | 66.9% | 0.14 | - |
| Sector ETF (XLF) | 12.5% | 22.2% | 0.52 | 46.4% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 40.1% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 3.8% |
| Commodities (DBC) | 9.6% | 17.7% | 0.45 | 18.3% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 47.8% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.06 | 15.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/26/2026 | -5.2% | -7.2% | -27.0% |
| 11/4/2025 | 3.2% | 12.8% | 6.0% |
| 7/31/2025 | -5.5% | -1.4% | 25.5% |
| 5/7/2025 | 3.6% | 6.2% | 25.5% |
| 2/26/2025 | 0.4% | 16.6% | 3.9% |
| 11/6/2024 | 5.8% | 27.5% | 19.7% |
| 7/31/2024 | -7.9% | -19.4% | -13.5% |
| 2/29/2024 | -6.1% | -10.5% | -9.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 14 |
| # Negative | 9 | 9 | 8 |
| Median Positive | 2.8% | 11.0% | 20.7% |
| Median Negative | -5.2% | -7.2% | -14.0% |
| Max Positive | 9.1% | 40.5% | 105.3% |
| Max Negative | -22.8% | -19.4% | -27.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 11/07/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Capital Expenditures (Sofitel Chicago Magnificent Mile) | 1 | ||||||
Prior: Q3 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Dividends | 0.05 | 0 | Same New | Actual: 0.05 for Q3 2025 | |||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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