BidaskClub upgraded shares of Diamondrock Hospitality Company (NYSE:DRH) from a hold rating to a buy rating in a research note released on Wednesday.

DRH has been the subject of a number of other research reports. Canaccord Genuity restated a buy rating and set a $13.00 price objective on shares of Diamondrock Hospitality Company in a research report on Monday, March 6th. Evercore ISI downgraded shares of Diamondrock Hospitality Company from a hold rating to an underperform rating in a research report on Friday, March 3rd. Barclays PLC restated a buy rating and set a $12.00 price objective on shares of Diamondrock Hospitality Company in a research report on Tuesday, February 14th. Zacks Investment Research downgraded shares of Diamondrock Hospitality Company from a buy rating to a hold rating in a research report on Wednesday, June 7th. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Diamondrock Hospitality Company in a research report on Monday, April 10th. They set a neutral rating and a $11.00 price objective for the company. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $11.25.

Shares of Diamondrock Hospitality Company (DRH) opened at 11.66 on Wednesday. Diamondrock Hospitality Company has a 52-week low of $8.57 and a 52-week high of $12.00. The company’s 50-day moving average is $11.15 and its 200 day moving average is $11.20. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 22.00 and a beta of 1.35.

Diamondrock Hospitality Company (NYSE:DRH) last announced its quarterly earnings data on Friday, May 5th. The real estate investment trust reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $196.21 million during the quarter, compared to the consensus estimate of $192.85 million. Diamondrock Hospitality Company had a net margin of 12.15% and a return on equity of 5.83%. Diamondrock Hospitality Company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. On average, analysts expect that Diamondrock Hospitality Company will post $0.49 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.29%. Diamondrock Hospitality Company’s dividend payout ratio (DPR) is presently 94.34%.

Several institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new position in Diamondrock Hospitality Company during the first quarter worth $134,000. Public Employees Retirement System of Ohio boosted its position in Diamondrock Hospitality Company by 1.8% in the first quarter. Public Employees Retirement System of Ohio now owns 266,304 shares of the real estate investment trust’s stock worth $2,969,000 after buying an additional 4,732 shares during the period. Goldman Sachs Group Inc. boosted its position in Diamondrock Hospitality Company by 93.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,655,396 shares of the real estate investment trust’s stock worth $18,457,000 after buying an additional 799,059 shares during the period. Credit Suisse AG boosted its position in Diamondrock Hospitality Company by 14.9% in the first quarter. Credit Suisse AG now owns 879,007 shares of the real estate investment trust’s stock worth $9,800,000 after buying an additional 113,964 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in Diamondrock Hospitality Company by 0.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 146,014 shares of the real estate investment trust’s stock worth $1,628,000 after buying an additional 1,130 shares during the period.

Diamondrock Hospitality Company 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.

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