DiamondRock Hospitality (NYSE:DRH) Price Target Lowered to $8.00 at Stifel Nicolaus

DiamondRock Hospitality (NYSE:DRH - Get Free Report) had its target price cut by research analysts at Stifel Nicolaus from $9.75 to $8.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the real estate investment trust's stock. Stifel Nicolaus' price objective would suggest a potential upside of 16.62% from the company's previous close.

Separately, Wells Fargo & Company dropped their price target on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.60.

DiamondRock Hospitality Stock Performance

Shares of DRH stock traded down $0.11 on Wednesday, reaching $6.86. The stock had a trading volume of 628,806 shares, compared to its average volume of 2,159,913. The stock has a market cap of $1.43 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 2.06 and a beta of 1.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.73 and a current ratio of 1.73. The company has a 50 day simple moving average of $7.80 and a 200 day simple moving average of $8.61. DiamondRock Hospitality has a 1 year low of $6.19 and a 1 year high of $10.00.

Hedge Funds Weigh In On DiamondRock Hospitality

Several institutional investors have recently added to or reduced their stakes in the company. Nissay Asset Management Corp Japan ADV grew its stake in shares of DiamondRock Hospitality by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 31,738 shares of the real estate investment trust's stock worth $292,000 after buying an additional 1,216 shares in the last quarter. Xponance Inc. increased its stake in DiamondRock Hospitality by 9.9% in the fourth quarter. Xponance Inc. now owns 15,098 shares of the real estate investment trust's stock worth $136,000 after purchasing an additional 1,360 shares during the period. Ancora Advisors LLC boosted its position in DiamondRock Hospitality by 0.9% in the 4th quarter. Ancora Advisors LLC now owns 164,150 shares of the real estate investment trust's stock valued at $1,482,000 after buying an additional 1,490 shares during the period. Vert Asset Management LLC boosted its holdings in shares of DiamondRock Hospitality by 2.1% in the fourth quarter. Vert Asset Management LLC now owns 82,570 shares of the real estate investment trust's stock valued at $746,000 after purchasing an additional 1,729 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of DiamondRock Hospitality by 156.3% during the 1st quarter. Versant Capital Management Inc now owns 3,699 shares of the real estate investment trust's stock worth $29,000 after buying an additional 2,256 shares in the last quarter.

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.