Barclays reaffirmed their hold rating on shares of DiamondRock Hospitality (NYSE:DRH) in a research report sent to investors on Tuesday, AnalystRatings.com reports. Barclays currently has a $10.00 price target on the real estate investment trust’s stock.

A number of other research firms have also commented on DRH. ValuEngine lowered DiamondRock Hospitality from a hold rating to a sell rating in a research report on Tuesday, July 2nd. TheStreet lowered DiamondRock Hospitality from a b- rating to a c+ rating in a research report on Thursday, August 1st. Wells Fargo & Co raised DiamondRock Hospitality from an underperform rating to a market perform rating and set a $10.50 price target for the company in a research report on Wednesday, June 26th. Finally, Zacks Investment Research lowered DiamondRock Hospitality from a strong-buy rating to a hold rating in a research report on Thursday, July 18th. Four analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has a consensus rating of Hold and an average price target of $9.79.

Shares of DRH opened at $9.49 on Tuesday. DiamondRock Hospitality has a 12-month low of $8.69 and a 12-month high of $12.08. The stock has a fifty day moving average price of $10.00. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.65. The company has a market cap of $1.91 billion, a PE ratio of 9.30, a P/E/G ratio of 1.86 and a beta of 1.38.

DiamondRock Hospitality (NYSE:DRH) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. DiamondRock Hospitality had a return on equity of 5.00% and a net margin of 10.32%. The company had revenue of $257.92 million for the quarter, compared to analysts’ expectations of $253.67 million. During the same period last year, the business earned $0.32 EPS. DiamondRock Hospitality’s quarterly revenue was up 8.4% compared to the same quarter last year. Analysts anticipate that DiamondRock Hospitality will post 1.03 earnings per share for the current fiscal year.

In other news, Director Maureen L. Mcavey sold 8,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $10.36, for a total transaction of $82,880.00. Following the completion of the sale, the director now directly owns 91,688 shares of the company’s stock, valued at approximately $949,887.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. FMR LLC increased its holdings in DiamondRock Hospitality by 5.0% in the 1st quarter. FMR LLC now owns 11,729,394 shares of the real estate investment trust’s stock worth $127,030,000 after acquiring an additional 560,676 shares during the last quarter. Northern Trust Corp increased its holdings in DiamondRock Hospitality by 5.5% in the 2nd quarter. Northern Trust Corp now owns 7,320,133 shares of the real estate investment trust’s stock worth $75,689,000 after acquiring an additional 379,089 shares during the last quarter. LSV Asset Management increased its holdings in DiamondRock Hospitality by 1.5% in the 1st quarter. LSV Asset Management now owns 4,848,644 shares of the real estate investment trust’s stock worth $52,510,000 after acquiring an additional 70,100 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in DiamondRock Hospitality by 1.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,668,436 shares of the real estate investment trust’s stock worth $38,005,000 after acquiring an additional 36,085 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in DiamondRock Hospitality by 1.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,511,004 shares of the real estate investment trust’s stock worth $36,304,000 after acquiring an additional 65,200 shares during the last quarter.

DiamondRock Hospitality Company Profile

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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Analyst Recommendations for DiamondRock Hospitality (NYSE:DRH)

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