Analysts Set DiamondRock Hospitality (DRH) Price Target at $10.32

DiamondRock Hospitality (NYSE:DRH) has been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.32.

Several equities analysts recently commented on the company. Zacks Investment Research raised DiamondRock Hospitality from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, April 2nd. TheStreet raised DiamondRock Hospitality from a “c+” rating to a “b-” rating in a report on Friday, February 15th. ValuEngine raised DiamondRock Hospitality from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Deutsche Bank reaffirmed a “hold” rating and set a $12.00 price objective on shares of DiamondRock Hospitality in a report on Thursday, February 28th. Finally, Wells Fargo & Co reaffirmed a “sell” rating on shares of DiamondRock Hospitality in a report on Wednesday, March 6th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank boosted its stake in shares of DiamondRock Hospitality by 0.5% during the fourth quarter. Comerica Bank now owns 202,100 shares of the real estate investment trust’s stock worth $2,019,000 after buying an additional 1,043 shares during the period. Bank of Montreal Can boosted its stake in shares of DiamondRock Hospitality by 2.3% during the first quarter. Bank of Montreal Can now owns 47,249 shares of the real estate investment trust’s stock worth $511,000 after buying an additional 1,072 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of DiamondRock Hospitality by 1.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 104,999 shares of the real estate investment trust’s stock worth $953,000 after buying an additional 1,200 shares during the period. Utah Retirement Systems boosted its stake in shares of DiamondRock Hospitality by 5.2% during the fourth quarter. Utah Retirement Systems now owns 24,263 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 1,200 shares during the period. Finally, Eqis Capital Management Inc. boosted its stake in shares of DiamondRock Hospitality by 7.9% during the first quarter. Eqis Capital Management Inc. now owns 17,211 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 1,257 shares during the period.

NYSE:DRH opened at $10.67 on Monday. The firm has a market capitalization of $2.15 billion, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 2.07 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.54 and a current ratio of 1.54. DiamondRock Hospitality has a 12 month low of $8.69 and a 12 month high of $12.99.

DiamondRock Hospitality (NYSE:DRH) last posted its earnings results on Wednesday, May 8th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The business had revenue of $202.38 million during the quarter, compared to analysts’ expectations of $194.62 million. DiamondRock Hospitality had a net margin of 10.44% and a return on equity of 4.90%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS. Analysts predict that DiamondRock Hospitality will post 1.03 EPS for the current fiscal year.

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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