Diamondrock Hospitality Company (DRH) Stock Rating Reaffirmed by Robert W. Baird

Diamondrock Hospitality Company (NYSE:DRH)‘s stock had its “buy” rating restated by research analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $12.00 target price on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 5.73% from the company’s current price.

Several other analysts also recently issued reports on DRH. UBS AG upgraded Diamondrock Hospitality from a “market perform” rating to an “outperform” rating in a research note on Friday, July 14th. Raymond James Financial, Inc. upgraded Diamondrock Hospitality from a “market perform” rating to an “outperform” rating and set a $13.00 price target for the company in a research note on Friday, July 14th. ING Group upgraded Diamondrock Hospitality to an “outperform” rating and set a $13.00 price target for the company in a research note on Monday, July 17th. They noted that the move was a valuation call. BidaskClub downgraded Diamondrock Hospitality from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Canaccord Genuity restated a “buy” rating and issued a $13.00 price target on shares of Diamondrock Hospitality in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.00.

Diamondrock Hospitality (NYSE:DRH) opened at $11.35 on Friday. The company has a market capitalization of $2,272.46, a P/E ratio of 11.46, a PEG ratio of 2.34 and a beta of 1.33. Diamondrock Hospitality has a one year low of $9.60 and a one year high of $12.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.45 and a current ratio of 2.41.

Diamondrock Hospitality (NYSE:DRH) last released its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $223.50 million during the quarter, compared to the consensus estimate of $223.30 million. Diamondrock Hospitality had a return on equity of 4.97% and a net margin of 10.47%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. research analysts anticipate that Diamondrock Hospitality will post 0.97 earnings per share for the current fiscal year.

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In other Diamondrock Hospitality news, Director Maureen L. Mcavey sold 6,000 shares of Diamondrock Hospitality stock in a transaction on Monday, August 14th. The stock was 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 of the company’s stock, valued at approximately $907,536. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in DRH. Royce & Associates LP raised its holdings in shares of Diamondrock Hospitality by 6.8% during the 2nd quarter. Royce & Associates LP now owns 390,000 shares of the real estate investment trust’s stock worth $4,270,000 after buying an additional 25,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Diamondrock Hospitality by 11.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 125,938 shares of the real estate investment trust’s stock worth $1,379,000 after buying an additional 13,102 shares in the last quarter. IndexIQ Advisors LLC raised its holdings in shares of Diamondrock Hospitality by 31.7% during the 2nd quarter. IndexIQ Advisors LLC now owns 281,727 shares of the real estate investment trust’s stock worth $3,085,000 after buying an additional 67,816 shares in the last quarter. Seizert Capital Partners LLC raised its holdings in shares of Diamondrock Hospitality by 48.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 301,025 shares of the real estate investment trust’s stock worth $3,296,000 after buying an additional 97,911 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Diamondrock Hospitality by 0.8% during the 1st 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 in the last quarter.

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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