DiamondRock Hospitality (NYSE:DRH) Given Hold (C) Rating at Weiss Ratings

Key Points

• DiamondRock Hospitality's stock has been given a "hold (C)" rating by Weiss Ratings, with an average price target of $8.63.
• The company's recent quarterly earnings report showed an EPS of $0.35, exceeding analysts' estimates, despite a 1.2% decrease in revenue compared to the same quarter the previous year.
• DiamondRock Hospitality's stock traded down 0.5%, reaching $7.72, and has a market capitalization of $1.58 billion.

DiamondRock Hospitality (NYSE:DRH - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wells Fargo & Company upgraded shares of DiamondRock Hospitality to a "hold" rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $8.63.

DiamondRock Hospitality Stock Down 0.5%

NYSE DRH traded down $0.04 during trading hours on Wednesday, reaching $7.72. 1,971,372 shares of the company traded hands, compared to its average volume of 3,009,740. DiamondRock Hospitality has a 12 month low of $6.18 and a 12 month high of $10.00. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.58 billion, a PE ratio of 29.69 and a beta of 1.38. The company has a 50 day moving average of $8.11 and a two-hundred day moving average of $7.77.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. DiamondRock Hospitality had a net margin of 6.04% and a return on equity of 4.23%. The firm had revenue of $305.70 million for the quarter, compared to the consensus estimate of $303.70 million. During the same period in the prior year, the firm posted $0.34 EPS. The firm's revenue was down 1.2% compared to the same quarter last year. DiamondRock Hospitality has set its FY 2025 guidance at 0.960-1.060 EPS. As a group, equities analysts expect that DiamondRock Hospitality will post 0.96 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. State of Wyoming bought a new stake in DiamondRock Hospitality in the 2nd quarter valued at about $58,000. Smartleaf Asset Management LLC lifted its position in DiamondRock Hospitality by 33.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 9,294 shares of the real estate investment trust's stock valued at $72,000 after purchasing an additional 2,349 shares during the last quarter. Profund Advisors LLC bought a new stake in DiamondRock Hospitality in the 2nd quarter valued at about $79,000. DRW Securities LLC bought a new stake in DiamondRock Hospitality in the 1st quarter valued at about $84,000. Finally, GAMMA Investing LLC lifted its position in DiamondRock Hospitality by 372.6% in the 2nd quarter. GAMMA Investing LLC now owns 10,927 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 8,615 shares during the last quarter.

About DiamondRock Hospitality

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.

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