DiamondRock Hospitality Company (NYSE:DRH) Receives Average Recommendation of "Hold" from Brokerages

Shares of DiamondRock Hospitality Company (NYSE:DRH - Get Free Report) have received an average rating of "Hold" from the seven analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $8.89.

DRH has been the topic of a number of research analyst reports. Bank of America raised DiamondRock Hospitality from an "underperform" rating to a "buy" rating and set a $9.50 price target on the stock in a report on Wednesday, April 30th. Evercore ISI cut their price target on DiamondRock Hospitality from $10.00 to $9.00 and set an "in-line" rating on the stock in a research note on Monday, April 28th. Truist Financial cut their price target on DiamondRock Hospitality from $10.00 to $9.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. Morgan Stanley cut their target price on DiamondRock Hospitality from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus boosted their price target on DiamondRock Hospitality from $8.00 to $8.25 and gave the stock a "hold" rating in a research note on Friday, May 2nd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its position in DiamondRock Hospitality by 156.3% during the first quarter. Versant Capital Management Inc now owns 3,699 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 2,256 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in DiamondRock Hospitality during the fourth quarter worth about $34,000. State of Wyoming acquired a new stake in shares of DiamondRock Hospitality in the fourth quarter valued at about $54,000. FIL Ltd acquired a new stake in shares of DiamondRock Hospitality in the fourth quarter valued at about $60,000. Finally, DRW Securities LLC bought a new position in DiamondRock Hospitality during the 1st quarter worth approximately $84,000.

DiamondRock Hospitality Trading Up 1.0%

Shares of DRH traded up $0.08 during mid-day trading on Wednesday, reaching $7.62. The company's stock had a trading volume of 8,378,011 shares, compared to its average volume of 2,289,326. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. DiamondRock Hospitality has a 52 week low of $6.19 and a 52 week high of $10.00. The company's fifty day moving average price is $7.46 and its two-hundred day moving average price is $8.19. The stock has a market cap of $1.57 billion, a PE ratio of 42.31, a P/E/G ratio of 1.91 and a beta of 1.34.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $254.85 million for the quarter, compared to analysts' expectations of $256.47 million. DiamondRock Hospitality had a net margin of 4.57% and a return on equity of 3.18%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. On average, analysts predict that DiamondRock Hospitality will post 0.96 earnings per share for the current fiscal year.

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 leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.