Diamondrock Hospitality Company (NYSE:DRH) Receives $11.56 Average Price Target from Analysts
Diamondrock Hospitality Company (NYSE:DRH) has earned a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $11.40.
Several equities analysts have commented on DRH shares. Boenning Scattergood reissued an “underperform” rating and issued a $10.00 target price on shares of Diamondrock Hospitality in a report on Tuesday, April 18th. Canaccord Genuity reissued a “buy” rating and issued a $13.00 target price on shares of Diamondrock Hospitality in a report on Friday, May 5th. Zacks Investment Research upgraded shares of Diamondrock Hospitality from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Friday, May 12th. Stifel Nicolaus upgraded shares of Diamondrock Hospitality from a “hold” rating to a “buy” rating and raised their price target for the company from $11.50 to $11.75 in a research note on Monday, May 15th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of Diamondrock Hospitality from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th.
Diamondrock Hospitality (DRH) traded up 0.64% during trading on Tuesday, reaching $11.00. 2,222,894 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $11.47 and its 200 day moving average price is $11.23. Diamondrock Hospitality has a 52-week low of $8.73 and a 52-week high of $12.07. The firm has a market cap of $2.20 billion, a P/E ratio of 22.27 and a beta of 1.38.
Diamondrock Hospitality (NYSE:DRH) last released its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Diamondrock Hospitality had a net margin of 11.47% and a return on equity of 5.41%. The firm had revenue of $243.30 million for the quarter, compared to analyst estimates of $240.73 million. During the same period last year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Diamondrock Hospitality will post $0.48 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of DRH. Meeder Asset Management Inc. acquired a new stake in Diamondrock Hospitality during the first quarter valued at approximately $116,000. Meadow Creek Investment Management LLC increased its position in shares of Diamondrock Hospitality by 6.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,892 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 644 shares during the period. Ronald Blue & Co. LLC increased its position in shares of Diamondrock Hospitality by 1.0% in the second quarter. Ronald Blue & Co. LLC now owns 11,203 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 116 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of Diamondrock Hospitality during the first quarter worth about $134,000. Finally, OLD National Bancorp IN purchased a new position in shares of Diamondrock Hospitality during the first quarter worth about $142,000.
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.
Receive News & Stock Ratings for Diamondrock Hospitality Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamondrock Hospitality Company and related stocks with our FREE daily email newsletter.