Shares of Diamondrock Hospitality Company (NYSE:DRH) have received an average recommendation of “Hold” from the sixteen research firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.00.

A number of research firms have weighed in on DRH. Stifel Nicolaus reaffirmed a “buy” rating on shares of Diamondrock Hospitality in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of Diamondrock Hospitality from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Boenning Scattergood reaffirmed a “sell” rating and set a $10.00 price target on shares of Diamondrock Hospitality in a research note on Wednesday, November 8th. BidaskClub raised shares of Diamondrock Hospitality from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $13.00 price target on shares of Diamondrock Hospitality in a research note on Monday, August 7th.

Diamondrock Hospitality (NYSE DRH) traded up $0.06 during trading hours on Thursday, reaching $11.25. 1,650,232 shares of the company’s stock were exchanged, compared to its average volume of 2,229,610. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market capitalization of $2,241.42, a P/E ratio of 11.30, a P/E/G ratio of 2.31 and a beta of 1.33. Diamondrock Hospitality has a 12 month low of $10.04 and a 12 month high of $12.07.

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

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Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Diamondrock Hospitality by 5.1% in the 2nd quarter. Vanguard Group Inc. now owns 34,866,908 shares of the real estate investment trust’s stock valued at $381,793,000 after acquiring an additional 1,694,293 shares during the period. BlackRock Inc. increased its stake in Diamondrock Hospitality by 4.6% during the 2nd quarter. BlackRock Inc. now owns 32,509,608 shares of the real estate investment trust’s stock worth $355,983,000 after buying an additional 1,421,711 shares during the period. FMR LLC increased its stake in Diamondrock Hospitality by 2.2% during the 2nd quarter. FMR LLC now owns 21,377,145 shares of the real estate investment trust’s stock worth $234,080,000 after buying an additional 453,851 shares during the period. State Street Corp increased its stake in Diamondrock Hospitality by 4.6% during the 2nd quarter. State Street Corp now owns 8,067,041 shares of the real estate investment trust’s stock worth $88,338,000 after buying an additional 356,960 shares during the period. Finally, Resolution Capital Ltd increased its stake in Diamondrock Hospitality by 8.0% during the 3rd quarter. Resolution Capital Ltd now owns 7,232,784 shares of the real estate investment trust’s stock worth $79,199,000 after buying an additional 535,876 shares during the period.

Diamondrock Hospitality 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.

Analyst Recommendations for Diamondrock Hospitality (NYSE:DRH)

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