DiamondRock Hospitality (DRH) Receives Average Rating of “Buy” from Brokerages

DiamondRock Hospitality (NYSE:DRH) has been given an average rating of “Buy” by the fourteen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.29.

A number of equities research analysts recently weighed in on the stock. TheStreet upgraded shares of DiamondRock Hospitality from a “c+” rating to a “b-” rating in a report on Friday, December 29th. KeyCorp restated a “hold” rating on shares of DiamondRock Hospitality in a report on Sunday, September 24th. Stifel Nicolaus restated a “buy” rating and issued a $12.00 price target on shares of DiamondRock Hospitality in a report on Thursday, September 21st. Boenning Scattergood upgraded shares of DiamondRock Hospitality from an “under perform” rating to a “neutral” rating in a report on Friday, December 8th. Finally, Zacks Investment Research upgraded shares of DiamondRock Hospitality from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Wednesday, October 11th.

Several large investors have recently bought and sold shares of DRH. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of DiamondRock Hospitality by 15.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,787 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 2,081 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of DiamondRock Hospitality by 6.0% in the 2nd quarter. GSA Capital Partners LLP now owns 16,442 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 930 shares during the last quarter. GAM Holding AG grew its position in shares of DiamondRock Hospitality by 5.3% in the 2nd quarter. GAM Holding AG now owns 17,012 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 862 shares during the last quarter. Shelton Capital Management grew its position in shares of DiamondRock Hospitality by 5.4% in the 2nd quarter. Shelton Capital Management now owns 19,890 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 1,024 shares during the last quarter. Finally, Amalgamated Bank grew its position in shares of DiamondRock Hospitality by 0.6% in the 2nd quarter. Amalgamated Bank now owns 27,339 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 151 shares during the last quarter.

Shares of DiamondRock Hospitality (NYSE:DRH) traded up $0.03 on Friday, reaching $11.21. 1,273,010 shares of the company were exchanged, compared to its average volume of 1,724,475. DiamondRock Hospitality has a one year low of $10.43 and a one year high of $12.07. The company has a market cap of $2,257.44, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 2.28 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 (NYSE:DRH) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. DiamondRock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The company had revenue of $223.50 million during the quarter, compared to analyst estimates of $223.30 million. During the same quarter last year, the business posted $0.26 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. equities analysts predict that DiamondRock Hospitality will post 0.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.50 annualized dividend and a dividend yield of 4.46%. DiamondRock Hospitality’s dividend payout ratio is currently 111.11%.

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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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