DiamondRock Hospitality (NYSE:DRH) Receives Consensus Recommendation of "Hold" from Analysts

Shares of DiamondRock Hospitality (NYSE:DRH - Get Free Report) have been given an average rating of "Hold" by the five ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.30.

A number of equities research analysts recently weighed in on DRH shares. Wolfe Research initiated coverage on DiamondRock Hospitality in a research note on Wednesday, January 10th. They set an "outperform" rating and a $11.00 price objective for the company. Truist Financial increased their price target on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the company a "hold" rating in a research report on Thursday, March 14th. Stifel Nicolaus lifted their price objective on shares of DiamondRock Hospitality from $10.00 to $10.50 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Wells Fargo & Company increased their target price on shares of DiamondRock Hospitality from $9.00 to $10.00 and gave the company an "equal weight" rating in a research report on Friday, December 22nd. Finally, StockNews.com downgraded shares of DiamondRock Hospitality from a "hold" rating to a "sell" rating in a research note on Saturday, February 3rd.

DiamondRock Hospitality Stock Up 0.6 %

NYSE DRH traded up $0.06 during trading on Friday, reaching $8.84. 1,988,261 shares of the company's stock traded hands, compared to its average volume of 1,708,961. DiamondRock Hospitality has a 12-month low of $7.33 and a 12-month high of $9.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 24.54 and a beta of 1.60. The company's 50 day simple moving average is $9.37 and its two-hundred day simple moving average is $8.93.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). The business had revenue of $263.50 million for the quarter, compared to analysts' expectations of $261.45 million. DiamondRock Hospitality had a net margin of 8.03% and a return on equity of 5.29%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. As a group, sell-side analysts forecast that DiamondRock Hospitality will post 0.96 EPS for the current fiscal year.

DiamondRock Hospitality Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Wednesday, March 27th. DiamondRock Hospitality's dividend payout ratio (DPR) is presently 33.33%.

Institutional Investors Weigh In On DiamondRock Hospitality

A number of large investors have recently made changes to their positions in DRH. National Bank of Canada FI purchased a new stake in DiamondRock Hospitality in the third quarter valued at approximately $30,000. Parallel Advisors LLC boosted its holdings in shares of DiamondRock Hospitality by 313.5% in the 4th quarter. Parallel Advisors LLC now owns 3,196 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 2,423 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of DiamondRock Hospitality by 195.7% in the fourth quarter. Quadrant Capital Group LLC now owns 3,330 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 2,204 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of DiamondRock Hospitality by 711.7% in the first quarter. Tower Research Capital LLC TRC now owns 7,119 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 6,242 shares during the period. Finally, Advisor Partners II LLC purchased a new position in shares of DiamondRock Hospitality during the first quarter worth $83,000.

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.