Diamondrock Hospitality Company (NYSE:DRH) has been given a $12.00 price target by research analysts at Robert W. Baird in a note issued to investors on Sunday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Robert W. Baird’s price target indicates a potential upside of 11.11% from the company’s previous close.

DRH has been the subject of several other research reports. Zacks Investment Research upgraded shares of Diamondrock Hospitality from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Monday, July 10th. BidaskClub lowered shares of Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $13.00 price target on shares of Diamondrock Hospitality in a research note on Monday, August 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Diamondrock Hospitality currently has an average rating of “Hold” and an average price target of $11.60.

Diamondrock Hospitality (DRH) opened at 10.80 on Friday. The firm has a market cap of $2.16 billion, a P/E ratio of 21.86 and a beta of 1.39. Diamondrock Hospitality has a 12 month low of $8.73 and a 12 month high of $12.07. The firm’s 50-day moving average price is $11.10 and its 200-day moving average price is $11.15.

Diamondrock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $243.30 million during the quarter, compared to analyst estimates of $240.73 million. Diamondrock Hospitality had a net margin of 11.47% and a return on equity of 5.41%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. On average, equities research analysts expect that Diamondrock Hospitality will post $0.46 EPS for the current fiscal year.

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In other Diamondrock Hospitality news, Director Maureen L. Mcavey sold 6,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $11.20, for a total value of $67,200.00. Following the completion of the transaction, the director now directly owns 81,030 shares of the company’s stock, valued at approximately $907,536. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in DRH. BlackRock Inc. lifted its holdings in shares of Diamondrock Hospitality by 4,611.0% during the 1st quarter. BlackRock Inc. now owns 31,087,897 shares of the real estate investment trust’s stock worth $346,632,000 after acquiring an additional 30,427,991 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Diamondrock Hospitality by 63.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,313,030 shares of the real estate investment trust’s stock worth $58,177,000 after acquiring an additional 2,058,356 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 worth $381,793,000 after acquiring an additional 1,694,293 shares during the last quarter. RidgeWorth Capital Management LLC lifted its holdings in shares of Diamondrock Hospitality by 584.5% during the 1st quarter. RidgeWorth Capital Management LLC now owns 1,705,012 shares of the real estate investment trust’s stock worth $19,223,000 after acquiring an additional 1,455,931 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Diamondrock Hospitality by 93.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,655,396 shares of the real estate investment trust’s stock worth $18,457,000 after acquiring an additional 799,059 shares during the last quarter.

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.

Analyst Recommendations for Diamondrock Hospitality (NYSE:DRH)

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