Diamondrock Hospitality Company (DRH) Rating Lowered to C+ at TheStreet

TheStreet cut shares of Diamondrock Hospitality Company (NYSE:DRH) from a b rating to a c+ rating in a research note released on Monday, November 6th.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus restated a buy rating and set a $12.00 price target on shares of Diamondrock Hospitality in a research report on Thursday, September 21st. Robert W. Baird set a $12.00 price target on shares of Diamondrock Hospitality and gave the company a buy rating in a research report on Sunday, September 10th. Canaccord Genuity restated a buy rating and set a $13.00 price target on shares of Diamondrock Hospitality in a research report on Monday, August 7th. 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 report on Monday, July 10th. Finally, KeyCorp reaffirmed a hold rating on shares of Diamondrock Hospitality in a report on Sunday, September 24th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $12.00.

Shares of Diamondrock Hospitality (NYSE DRH) traded up $0.05 during mid-day trading on Monday, reaching $11.22. 1,000,000 shares of the company’s stock were exchanged, compared to its average volume of 2,090,000. The company has a market cap of $2,250.00, a price-to-earnings ratio of 11.29, a PEG ratio of 2.31 and a beta of 1.33. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.51. Diamondrock Hospitality has a fifty-two week low of $10.04 and a fifty-two week high of $12.07.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Diamondrock Hospitality by 5.1% in the second quarter. Vanguard Group Inc. now owns 34,866,908 shares of the real estate investment trust’s stock valued at $381,793,000 after purchasing an additional 1,694,293 shares in the last quarter. BlackRock Inc. raised its stake in Diamondrock Hospitality by 4.6% in the second quarter. BlackRock Inc. now owns 32,509,608 shares of the real estate investment trust’s stock valued at $355,983,000 after purchasing an additional 1,421,711 shares in the last quarter. FMR LLC grew its position in Diamondrock Hospitality by 2.2% during the second quarter. FMR LLC now owns 21,377,145 shares of the real estate investment trust’s stock valued at $234,080,000 after acquiring an additional 453,851 shares during the last quarter. State Street Corp grew its position in Diamondrock Hospitality by 4.6% during the second quarter. State Street Corp now owns 8,067,041 shares of the real estate investment trust’s stock valued at $88,338,000 after acquiring an additional 356,960 shares during the last quarter. Finally, Resolution Capital Ltd grew its position in Diamondrock Hospitality by 8.0% during the third quarter. Resolution Capital Ltd now owns 7,232,784 shares of the real estate investment trust’s stock valued at $79,199,000 after acquiring an additional 535,876 shares during 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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