Evercore ISI upgraded shares of Diamondrock Hospitality (NYSE:DRH) from an in-line rating to an outperform rating in a research note released on Monday, Marketbeat.com reports.
DRH has been the topic of a number of other reports. KeyCorp reaffirmed a hold rating on shares of Diamondrock Hospitality in a research report on Tuesday, October 24th. Zacks Investment Research lowered Diamondrock Hospitality from a buy rating to a hold rating in a research report on Monday, October 16th. Boenning Scattergood set a $10.00 target price on Diamondrock Hospitality and gave the company a sell rating in a research report on Thursday, October 26th. Robert W. Baird reaffirmed a buy rating and issued a $12.00 target price on shares of Diamondrock Hospitality in a research report on Friday, November 10th. Finally, TheStreet lowered Diamondrock Hospitality from a b rating to a c+ rating in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $12.00.
Diamondrock Hospitality (NYSE DRH) opened at $11.25 on Monday. The firm has a market capitalization of $2,251.43, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 2.31 and a beta of 1.33. Diamondrock Hospitality has a fifty-two week low of $10.43 and a fifty-two week high of $12.07. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.41 and a quick ratio of 2.41.
Diamondrock Hospitality (NYSE:DRH) last announced its earnings results on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. Diamondrock Hospitality had a return on equity of 4.97% and a net margin of 10.47%. The company had revenue of $223.50 million for the quarter, compared to analyst estimates of $223.30 million. During the same period in the prior year, the company posted $0.26 EPS. Diamondrock Hospitality’s quarterly revenue was up 1.5% on a year-over-year basis. equities analysts forecast that Diamondrock Hospitality will post 0.97 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the stock. HRT Financial LLC acquired a new stake in shares of Diamondrock Hospitality during the 2nd quarter valued at approximately $142,000. World Asset Management Inc raised its position in shares of Diamondrock Hospitality by 2.2% during the 2nd quarter. World Asset Management Inc now owns 13,047 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 282 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Diamondrock Hospitality by 15.2% during 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 acquiring an additional 2,081 shares in the last quarter. ARP Americas LLC acquired a new stake in shares of Diamondrock Hospitality during the 2nd quarter valued at approximately $177,000. Finally, GSA Capital Partners LLP raised its position in shares of Diamondrock Hospitality by 6.0% during the 2nd quarter. GSA Capital Partners LLP now owns 16,442 shares of the real estate investment trust’s stock valued at $180,000 after acquiring an additional 930 shares in the last quarter.
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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.
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