Shares of DiamondRock Hospitality (NYSE:DRH) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $9.50.
Several research firms recently commented on DRH. Wells Fargo & Co raised shares of DiamondRock Hospitality from a “market perform” rating to an “outperform” rating and set a $11.00 price objective on the stock in a research note on Thursday, November 21st. Barclays reaffirmed a “hold” rating and set a $10.00 target price on shares of DiamondRock Hospitality in a research note on Tuesday, August 13th. Finally, ValuEngine lowered shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th.
Shares of DiamondRock Hospitality stock traded up $0.17 during trading on Friday, hitting $10.48. The company’s stock had a trading volume of 1,877,715 shares, compared to its average volume of 2,284,071. DiamondRock Hospitality has a 52 week low of $8.69 and a 52 week high of $11.22. The company has a market capitalization of $2.06 billion, a PE ratio of 10.26, a P/E/G ratio of 1.99 and a beta of 1.34. The company has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $10.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.25 and a current ratio of 1.25.
About DiamondRock Hospitality
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.
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