Weiss Ratings Reiterates Hold (C) Rating for DiamondRock Hospitality (NYSE:DRH)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for DiamondRock Hospitality (NYSE:DRH), indicating a neutral stance on the stock's future performance.
• DiamondRock Hospitality's share price is currently at $7.81, with an average price target of $8.88 from analysts, reflecting consensus caution in the market.
• The company reported earnings of $0.35 EPS for the last quarter, surpassing expectations, but its revenue has decreased by 1.2% year-over-year.

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

A number of other brokerages have also recently issued reports on DRH. Morgan Stanley lowered their target price on shares of DiamondRock Hospitality from $9.00 to $8.50 and set an "equal weight" rating on the stock in a report on Wednesday. Wells Fargo & Company raised shares of DiamondRock Hospitality to a "hold" rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, DiamondRock Hospitality has an average rating of "Hold" and a consensus price target of $8.88.

DiamondRock Hospitality Stock Performance

Shares of NYSE:DRH traded down $0.01 during mid-day trading on Friday, reaching $7.81. The company had a trading volume of 1,471,288 shares, compared to its average volume of 2,567,218. 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 firm has a market cap of $1.60 billion, a price-to-earnings ratio of 30.02 and a beta of 1.38. The company's 50-day moving average price is $8.11 and its 200-day moving average price is $7.79. DiamondRock Hospitality has a one year low of $6.18 and a one year high of $10.00.

DiamondRock Hospitality (NYSE:DRH - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.35 EPS for the quarter, topping 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 company had revenue of $305.70 million for the quarter, compared to analysts' expectations of $303.70 million. During the same quarter in the previous year, the firm posted $0.34 EPS. DiamondRock Hospitality's revenue was down 1.2% on a year-over-year basis. DiamondRock Hospitality has set its FY 2025 guidance at 0.960-1.060 EPS. As a group, equities research analysts anticipate that DiamondRock Hospitality will post 0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. State of Wyoming purchased a new position in shares of DiamondRock Hospitality during the 2nd quarter valued at $58,000. Smartleaf Asset Management LLC grew its position in shares of DiamondRock Hospitality by 33.8% during 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 in the last quarter. Profund Advisors LLC purchased a new position in shares of DiamondRock Hospitality during the 2nd quarter valued at $79,000. DRW Securities LLC purchased a new position in shares of DiamondRock Hospitality during the 1st quarter valued at $84,000. Finally, GAMMA Investing LLC grew its position in shares of DiamondRock Hospitality by 372.6% during 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 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.

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