Shares of Diamondrock Hospitality Company (NYSE:DRH) have earned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $11.56.

Several research firms recently issued reports on DRH. BidaskClub upgraded Diamondrock Hospitality from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $13.00 price objective on shares of Diamondrock Hospitality in a report on Monday. UBS AG upgraded Diamondrock Hospitality from a “market perform” rating to an “outperform” rating in a report on Friday, July 14th. Zacks Investment Research upgraded Diamondrock Hospitality from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Monday, July 10th. Finally, Raymond James Financial, Inc. upgraded Diamondrock Hospitality from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a report on Friday, July 14th.

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Shares of Diamondrock Hospitality (DRH) traded down 3.18% during trading on Tuesday, hitting $11.25. The stock had a trading volume of 5,520,927 shares. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 21.23 and a beta of 1.38. The company’s 50 day moving average price is $11.53 and its 200 day moving average price is $11.24. Diamondrock Hospitality has a 12 month low of $8.73 and a 12 month high of $12.08.

Diamondrock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $243.30 million for the quarter, compared to the consensus estimate of $240.73 million. Diamondrock Hospitality had a return on equity of 5.83% and a net margin of 12.15%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 EPS. Equities research analysts expect that Diamondrock Hospitality will post $0.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.50 annualized dividend and a dividend yield of 4.44%. Diamondrock Hospitality’s dividend payout ratio is currently 94.34%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DRH. BlackRock Inc. boosted its position in Diamondrock Hospitality by 4,611.0% in the first quarter. BlackRock Inc. now owns 31,087,897 shares of the real estate investment trust’s stock valued at $346,632,000 after buying an additional 30,427,991 shares in the last quarter. Vanguard Group Inc. boosted its position in Diamondrock Hospitality by 2.8% in the first quarter. Vanguard Group Inc. now owns 33,172,615 shares of the real estate investment trust’s stock valued at $369,874,000 after buying an additional 895,263 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Diamondrock Hospitality by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,106,698 shares of the real estate investment trust’s stock valued at $23,490,000 after buying an additional 100,596 shares in the last quarter. Comerica Bank boosted its position in Diamondrock Hospitality by 4.2% in the first quarter. Comerica Bank now owns 221,366 shares of the real estate investment trust’s stock valued at $2,543,000 after buying an additional 8,876 shares in the last quarter. Finally, Forsta AP Fonden boosted its position in Diamondrock Hospitality by 200.7% in the second quarter. Forsta AP Fonden now owns 86,000 shares of the real estate investment trust’s stock valued at $942,000 after buying an additional 57,400 shares in 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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