Diamondrock Hospitality Company (DRH) Receives $12.00 Consensus Target Price from Analysts

Diamondrock Hospitality Company (NYSE:DRH) has been assigned a consensus rating of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.00.

DRH has been the topic of a number of research analyst reports. BidaskClub lowered shares of Diamondrock Hospitality from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Canaccord Genuity reissued a “buy” rating and set a $13.00 price objective on shares of Diamondrock Hospitality in a report on Monday, August 7th. Stifel Nicolaus reissued a “buy” rating on shares of Diamondrock Hospitality in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Diamondrock Hospitality from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Robert W. Baird set a $12.00 price objective on shares of Diamondrock Hospitality and gave the stock a “buy” rating in a report on Sunday, September 10th.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Diamondrock Hospitality by 5.1% during the 2nd 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 period. BlackRock Inc. lifted its position in Diamondrock Hospitality by 4.6% during the 2nd 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 period. FMR LLC lifted its position in Diamondrock Hospitality by 2.2% during the 2nd quarter. FMR LLC now owns 21,377,145 shares of the real estate investment trust’s stock valued at $234,080,000 after purchasing an additional 453,851 shares during the period. State Street Corp lifted its position in Diamondrock Hospitality by 4.6% during the 2nd quarter. State Street Corp now owns 8,067,041 shares of the real estate investment trust’s stock valued at $88,338,000 after purchasing an additional 356,960 shares during the period. Finally, Resolution Capital Ltd lifted its position in Diamondrock Hospitality by 8.0% during the 3rd quarter. Resolution Capital Ltd now owns 7,232,784 shares of the real estate investment trust’s stock valued at $79,199,000 after purchasing an additional 535,876 shares during the period.

Diamondrock Hospitality (NYSE:DRH) traded up $0.01 on Thursday, hitting $11.19. 1,809,617 shares of the stock traded hands, compared to its average volume of 1,920,493. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.51. Diamondrock Hospitality has a fifty-two week low of $10.03 and a fifty-two week high of $12.07. The company has a market cap of $2,241.42, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 2.31 and a beta of 1.33.

Diamondrock Hospitality (NYSE:DRH) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Diamondrock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The business had revenue of $223.50 million for the quarter, compared to analyst estimates of $223.30 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. sell-side analysts predict that Diamondrock Hospitality will post 0.97 EPS for the current fiscal year.

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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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