Diamondrock Hospitality (NYSE:DRH) was upgraded by research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a report released on Monday.

A number of other analysts have also recently weighed in on DRH. Canaccord Genuity reaffirmed a “buy” rating and set a $13.00 price objective on shares of Diamondrock Hospitality in a research report on Monday, August 7th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Diamondrock Hospitality in a research report on Thursday, August 10th. Zacks Investment Research cut Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Robert W. Baird set a $12.00 price objective on Diamondrock Hospitality and gave the stock a “buy” rating in a research report on Sunday, September 10th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Diamondrock Hospitality in a research report on Sunday, September 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Diamondrock Hospitality has an average rating of “Hold” and an average price target of $12.00.

Shares of Diamondrock Hospitality (NYSE DRH) opened at $11.24 on Monday. The stock has a market capitalization of $2,255.44, a PE ratio of 11.37, a P/E/G ratio of 2.32 and a beta of 1.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.41 and a quick ratio of 2.41. Diamondrock Hospitality has a 1 year low of $10.43 and a 1 year high of $12.07.

Diamondrock Hospitality (NYSE:DRH) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $223.50 million during the quarter, compared to analysts’ expectations of $223.30 million. Diamondrock Hospitality had a return on equity of 4.97% and a net margin of 10.47%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. research analysts anticipate that Diamondrock Hospitality will post 0.97 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. HRT Financial LLC purchased a new position in shares of Diamondrock Hospitality during the 2nd quarter worth approximately $142,000. World Asset Management Inc raised its stake in shares of Diamondrock Hospitality by 2.2% during the 2nd quarter. World Asset Management Inc now owns 13,047 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 282 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Diamondrock Hospitality by 15.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,787 shares of the real estate investment trust’s stock worth $173,000 after buying an additional 2,081 shares in the last quarter. ARP Americas LLC purchased a new position in shares of Diamondrock Hospitality during the 2nd quarter worth approximately $177,000. Finally, GSA Capital Partners LLP raised its stake in shares of Diamondrock Hospitality by 6.0% during the 2nd quarter. GSA Capital Partners LLP now owns 16,442 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 930 shares in the last quarter.

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Diamondrock Hospitality Company Profile

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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