Shares of Diamondrock Hospitality Company (NYSE:DRH) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.00.

A number of brokerages have weighed in on DRH. Stifel Nicolaus reiterated a “buy” rating on shares of Diamondrock Hospitality in a research report on Thursday, August 10th. UBS AG upgraded shares of Diamondrock Hospitality from a “market perform” rating to an “outperform” rating in a research report on Friday, July 14th. ING Group upgraded shares of Diamondrock Hospitality to an “outperform” rating and set a $13.00 target price for the company in a research report on Monday, July 17th. They noted that the move was a valuation call. Raymond James Financial, Inc. upgraded shares of Diamondrock Hospitality from a “market perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research report on Friday, July 14th. Finally, BidaskClub upgraded shares of Diamondrock Hospitality from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd.

In other news, Director Maureen L. Mcavey sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $11.20, for a total value of $67,200.00. Following the completion of the transaction, the director now directly owns 81,030 shares in the company, valued at $907,536. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in DRH. UBS Asset Management Americas Inc. boosted its position in shares of Diamondrock Hospitality by 24.1% in the first quarter. UBS Asset Management Americas Inc. now owns 802,753 shares of the real estate investment trust’s stock valued at $8,951,000 after acquiring an additional 155,653 shares during the period. Credit Agricole S A boosted its position in shares of Diamondrock Hospitality by 43.9% in the first quarter. Credit Agricole S A now owns 58,356 shares of the real estate investment trust’s stock valued at $651,000 after acquiring an additional 17,797 shares during the period. Teachers Advisors LLC boosted its position in shares of Diamondrock Hospitality by 15.2% in the first quarter. Teachers Advisors LLC now owns 1,647,625 shares of the real estate investment trust’s stock valued at $18,371,000 after acquiring an additional 217,051 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Diamondrock Hospitality by 50.8% in the first quarter. PNC Financial Services Group Inc. now owns 132,394 shares of the real estate investment trust’s stock valued at $1,478,000 after acquiring an additional 44,582 shares during the period. Finally, Utah Retirement Systems boosted its position in shares of Diamondrock Hospitality by 7.0% in the first quarter. Utah Retirement Systems now owns 18,363 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 1,200 shares during the period.

Shares of Diamondrock Hospitality (DRH) traded down 4.28% during mid-day trading on Friday, reaching $10.73. 2,580,612 shares of the company’s stock traded hands. The firm has a 50-day moving average of $10.89 and a 200 day moving average of $11.14. The company has a market cap of $2.15 billion, a P/E ratio of 21.72 and a beta of 1.39. Diamondrock Hospitality has a 12-month low of $8.73 and a 12-month high of $12.07.

Diamondrock Hospitality (NYSE:DRH) last issued its earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $243.30 million during the quarter, compared to analyst estimates of $240.73 million. Diamondrock Hospitality had a net margin of 11.47% and a return on equity of 5.41%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.31 earnings per share. Equities analysts forecast that Diamondrock Hospitality will post $0.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.66%. Diamondrock Hospitality’s dividend payout ratio (DPR) is currently 102.04%.

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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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