Diamondrock Hospitality Company (DRH) Stock Rating Reaffirmed by Stifel Nicolaus
Diamondrock Hospitality Company (NYSE:DRH)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research note issued to investors on Thursday.
A number of other research firms also recently weighed in on DRH. ING Group upgraded Diamondrock Hospitality to an “outperform” rating and set a $13.00 price target on the stock in a research report on Monday, July 17th. They noted that the move was a valuation call. BidaskClub downgraded Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. UBS AG upgraded Diamondrock Hospitality from a “market perform” rating to an “outperform” rating in a research 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 target on the stock in a research report on Thursday, June 8th. Finally, Boenning Scattergood restated an “underperform” rating on shares of Diamondrock Hospitality in a research report on Wednesday, April 12th. Three research 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.56.
Diamondrock Hospitality (NYSE:DRH) opened at 10.93 on Thursday. The stock’s 50 day moving average price is $11.50 and its 200-day moving average price is $11.24. The firm has a market cap of $2.19 billion, a PE ratio of 20.62 and a beta of 1.38. Diamondrock Hospitality has a 12-month low of $8.73 and a 12-month high of $12.08.
Diamondrock Hospitality (NYSE:DRH) last released its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. Diamondrock Hospitality had a return on equity of 5.41% and a net margin of 11.47%. The business had revenue of $243.30 million for the quarter, compared to the consensus estimate of $240.73 million. During the same quarter last year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Diamondrock Hospitality will post $0.49 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Diamondrock Hospitality during the first quarter valued at about $116,000. Meadow Creek Investment Management LLC boosted its stake in Diamondrock Hospitality by 6.3% in the first quarter. Meadow Creek Investment Management LLC now owns 10,892 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 644 shares during the last quarter. Ronald Blue & Co. LLC boosted its stake in Diamondrock Hospitality by 1.0% in the second quarter. Ronald Blue & Co. LLC now owns 11,203 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 116 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Diamondrock Hospitality during the first quarter valued at about $134,000. Finally, OLD National Bancorp IN acquired a new stake in Diamondrock Hospitality during the first quarter valued at about $142,000.
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.
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