Diamondrock Hospitality Company (NYSE:DRH) has earned a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.00.
A number of analysts have commented on DRH shares. Stifel Nicolaus reaffirmed a “buy” rating on shares of Diamondrock Hospitality in a research note on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $13.00 price objective on shares of Diamondrock Hospitality in a research note on Monday, August 7th. Robert W. Baird set a $12.00 price objective on shares of Diamondrock Hospitality and gave the company a “buy” rating in a research note on Sunday, September 10th. Zacks Investment Research raised shares of Diamondrock Hospitality from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, October 11th. Finally, TheStreet lowered shares of Diamondrock Hospitality from a “b” rating to a “c+” rating in a research report on Monday, November 6th.
Diamondrock Hospitality (NYSE DRH) traded up $0.01 during mid-day trading on Thursday, reaching $11.18. 1,372,984 shares of the company’s stock were exchanged, compared to its average volume of 2,237,899. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.51. Diamondrock Hospitality has a 52 week low of $10.03 and a 52 week high of $12.07. The stock has a market capitalization of $2,227.39, a price-to-earnings ratio of 11.23, a PEG ratio of 2.29 and a beta of 1.33.
Diamondrock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Diamondrock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The company had revenue of $223.50 million during the quarter, compared to analyst estimates of $223.30 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was up 1.5% on a year-over-year basis. analysts forecast that Diamondrock Hospitality will post 0.97 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in DRH. Bank of New York Mellon Corp grew its holdings in Diamondrock Hospitality by 63.2% during the second quarter. Bank of New York Mellon Corp now owns 5,313,030 shares of the real estate investment trust’s stock valued at $58,177,000 after purchasing an additional 2,058,356 shares during the last quarter. Vanguard Group Inc. grew its holdings in Diamondrock Hospitality by 5.1% during the second quarter. Vanguard Group Inc. now owns 34,866,908 shares of the real estate investment trust’s stock valued at $381,793,000 after purchasing an additional 1,694,293 shares during the last quarter. BlackRock Inc. grew its holdings in Diamondrock Hospitality by 4.6% during the second quarter. BlackRock Inc. now owns 32,509,608 shares of the real estate investment trust’s stock valued at $355,983,000 after purchasing an additional 1,421,711 shares during the last quarter. Prudential Financial Inc. grew its holdings in Diamondrock Hospitality by 13.1% during the second quarter. Prudential Financial Inc. now owns 5,809,786 shares of the real estate investment trust’s stock valued at $63,617,000 after purchasing an additional 671,355 shares during the last quarter. Finally, Chicago Equity Partners LLC grew its holdings in Diamondrock Hospitality by 279.5% during the second quarter. Chicago Equity Partners LLC now owns 782,385 shares of the real estate investment trust’s stock valued at $8,567,000 after purchasing an additional 576,245 shares during the last quarter.
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About Diamondrock Hospitality
DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.
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