Diamondrock Hospitality (DRH) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Diamondrock Hospitality (NYSE: DRH):

  • 10/26/2017 – Diamondrock Hospitality was given a new $10.00 price target on by analysts at Boenning Scattergood. They now have a “sell” rating on the stock.
  • 10/24/2017 – Diamondrock Hospitality had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/16/2017 – Diamondrock Hospitality was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DiamondRock Hospitality Company is a self-advised real estate company that owns, acquires and invests in upper upscale and upscale hotel properties located primarily in North America. To a lesser extent, it may invest, on a selective basis, in premium limited-service and extended-stay hotel properties in urban locations. The Company has a strategic acquisition sourcing relationship with Marriott International. “
  • 10/11/2017 – Diamondrock Hospitality was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “DiamondRock Hospitality Company is a self-advised real estate company that owns, acquires and invests in upper upscale and upscale hotel properties located primarily in North America. To a lesser extent, it may invest, on a selective basis, in premium limited-service and extended-stay hotel properties in urban locations. The Company has a strategic acquisition sourcing relationship with Marriott International. “
  • 9/24/2017 – Diamondrock Hospitality had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/21/2017 – Diamondrock Hospitality had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $12.00 price target on the stock.
  • 9/10/2017 – Diamondrock Hospitality was given a new $12.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.

Diamondrock Hospitality Company (NYSE:DRH) traded down 1.74% during trading on Monday, hitting $10.71. The stock had a trading volume of 1,038,988 shares. Diamondrock Hospitality Company has a 52-week low of $8.73 and a 52-week high of $12.07. The stock has a market capitalization of $2.15 billion, a PE ratio of 21.68 and a beta of 1.40. The stock’s 50-day moving average is $10.89 and its 200-day moving average is $11.14.

Diamondrock Hospitality (NYSE:DRH) last issued its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $243.30 million during the quarter, compared to analysts’ expectations of $240.73 million. Diamondrock Hospitality had a return on equity of 5.41% and a net margin of 11.47%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. On average, analysts predict that Diamondrock Hospitality Company will post $0.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Investors of record on Friday, September 29th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend was Thursday, September 28th. Diamondrock Hospitality’s dividend payout ratio (DPR) is currently 102.04%.

In related news, Director Maureen L. Mcavey sold 6,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $11.20, for a total transaction of $67,200.00. Following the completion of the sale, the director now directly owns 81,030 shares in the company, valued at approximately $907,536. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

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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