DiamondRock Hospitality (NYSE:DRH) has received a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.67.

Several equities analysts recently issued reports on DRH shares. Zacks Investment Research lowered DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research note on Thursday, June 11th. SunTrust Banks lowered their price target on DiamondRock Hospitality from $9.00 to $4.00 and set a “hold” rating on the stock in a research note on Wednesday, April 29th. Morgan Stanley lowered their price target on DiamondRock Hospitality from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Friday, May 15th. Barclays upgraded DiamondRock Hospitality from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $7.00 to $8.00 in a research note on Monday, June 22nd. Finally, Deutsche Bank restated a “hold” rating and set a $6.00 price target on shares of DiamondRock Hospitality in a research note on Monday, May 18th.

Shares of DiamondRock Hospitality stock traded up $0.31 during trading on Tuesday, reaching $5.36. The company’s stock had a trading volume of 3,081,100 shares, compared to its average volume of 4,038,670. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.42 and a current ratio of 3.42. The business’s fifty day moving average price is $5.77 and its 200-day moving average price is $7.55. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 7.77 and a beta of 1.73. DiamondRock Hospitality has a one year low of $1.96 and a one year high of $11.79.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Monday, May 11th. The real estate investment trust reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.23). The business had revenue of $170.00 million during the quarter, compared to the consensus estimate of $161.32 million. DiamondRock Hospitality had a return on equity of 7.53% and a net margin of 15.46%. The company’s revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Sell-side analysts anticipate that DiamondRock Hospitality will post -0.09 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in DiamondRock Hospitality by 1.7% during the first quarter. BlackRock Inc. now owns 37,820,837 shares of the real estate investment trust’s stock valued at $192,130,000 after purchasing an additional 614,739 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of DiamondRock Hospitality by 178.9% in the 1st quarter. Invesco Ltd. now owns 14,021,394 shares of the real estate investment trust’s stock worth $71,227,000 after acquiring an additional 8,993,468 shares in the last quarter. FMR LLC boosted its holdings in shares of DiamondRock Hospitality by 7.8% in the 4th quarter. FMR LLC now owns 12,931,725 shares of the real estate investment trust’s stock worth $143,283,000 after acquiring an additional 937,426 shares in the last quarter. State Street Corp boosted its holdings in shares of DiamondRock Hospitality by 14.0% in the 1st quarter. State Street Corp now owns 11,653,143 shares of the real estate investment trust’s stock worth $59,198,000 after acquiring an additional 1,431,990 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of DiamondRock Hospitality by 1.7% in the 4th quarter. LSV Asset Management now owns 4,988,459 shares of the real estate investment trust’s stock worth $55,272,000 after acquiring an additional 85,200 shares in the last quarter.

DiamondRock Hospitality Company Profile

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.

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Analyst Recommendations for DiamondRock Hospitality (NYSE:DRH)

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