DiamondRock Hospitality (NYSE:DRH – Get Rating) has been given an average recommendation of “Hold” by the eleven research firms that are covering the company, reports Marketbeat.com. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts who have covered the stock in the last year is $10.56.
A number of equity analysts have recently weighed in on DRH shares. Wells Fargo & Company increased their target price on DiamondRock Hospitality from $10.00 to $10.50 and gave the stock an “equal weight” rating in a research note on Thursday, February 2nd. Morgan Stanley increased their price target on DiamondRock Hospitality from $9.00 to $9.50 and gave the stock an “equal weight” rating in a research report on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft reduced their price target on DiamondRock Hospitality from $12.00 to $11.00 in a research report on Wednesday, February 22nd. Finally, Compass Point reduced their price target on DiamondRock Hospitality to $11.00 in a research report on Tuesday, November 15th.
Hedge Funds Weigh In On DiamondRock Hospitality
A number of hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of DiamondRock Hospitality by 3.5% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,250 shares of the real estate investment trust’s stock worth $1,939,000 after buying an additional 8,769 shares during the last quarter. US Bancorp DE boosted its stake in shares of DiamondRock Hospitality by 1,465.0% in the 2nd quarter. US Bancorp DE now owns 7,778 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 7,281 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of DiamondRock Hospitality by 273.4% in the 3rd quarter. Prudential Financial Inc. now owns 3,008,457 shares of the real estate investment trust’s stock worth $22,593,000 after buying an additional 2,202,775 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of DiamondRock Hospitality by 8.5% in the 3rd quarter. Inspire Investing LLC now owns 27,890 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 2,185 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of DiamondRock Hospitality by 10.8% in the 2nd quarter. M&T Bank Corp now owns 22,480 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 2,189 shares during the last quarter.
DiamondRock Hospitality Price Performance
Shares of NYSE DRH opened at $8.70 on Thursday. The firm has a market cap of $1.82 billion, a P/E ratio of 18.91 and a beta of 1.66. The company has a current ratio of 1.70, a quick ratio of 3.29 and a debt-to-equity ratio of 0.74. DiamondRock Hospitality has a 1-year low of $7.18 and a 1-year high of $11.15. The business’s 50-day moving average is $8.85 and its 200-day moving average is $8.79.
DiamondRock Hospitality Dividend Announcement
The firm also recently disclosed a None dividend, which was paid on Thursday, January 12th. Stockholders of record on Friday, December 30th were given a $0.06 dividend. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, December 29th. DiamondRock Hospitality’s dividend payout ratio (DPR) is presently 26.09%.
DiamondRock Hospitality Company Profile
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DiamondRock Hospitality Co is a real estate investment trust which focuses on lodging properties. It is involved in the acquisition, ownership, asset management, and renovation of hotels and resorts. Its brands include Autograph Collection Hotels, Courtyard Marriott, Hilton Garden Inn, Hilton Hotels & Resorts, JW Marriott, and Kimpton Hotels & Restaurants.
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