Diamondrock Hospitality Company (DRH) Earns Buy Rating from Robert W. Baird

Robert W. Baird reiterated their buy rating on shares of Diamondrock Hospitality Company (NYSE:DRH) in a research note issued to investors on Friday morning. They currently have a $12.00 target price on the real estate investment trust’s stock.

DRH has been the subject of a number of other reports. Canaccord Genuity reiterated a buy rating and issued a $13.00 target price on shares of Diamondrock Hospitality in a research note on Monday, August 7th. Zacks Investment Research cut shares of Diamondrock Hospitality from a buy rating to a hold rating in a research note on Thursday, August 10th. TheStreet cut shares of Diamondrock Hospitality from a b rating to a c+ rating in a research note on Monday, November 6th. Raymond James Financial, Inc. upgraded shares of Diamondrock Hospitality from a market perform rating to an outperform rating and set a $13.00 target price for the company in a research note on Friday, July 14th. Finally, Boenning Scattergood set a $10.00 price target on shares of Diamondrock Hospitality and gave the company a sell rating in a research report on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $12.00.

Shares of Diamondrock Hospitality (DRH) opened at $11.14 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.41 and a quick ratio of 2.41. The stock has a market cap of $2,272.46, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 2.34 and a beta of 1.33. Diamondrock Hospitality has a one year low of $9.93 and a one year high of $12.07.

Diamondrock Hospitality (NYSE:DRH) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $223.50 million during the quarter, compared to analysts’ expectations of $223.30 million. Diamondrock Hospitality had a net margin of 10.47% and a return on equity of 4.97%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. equities research analysts predict that Diamondrock Hospitality will post 0.97 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Royce & Associates LP increased its position in Diamondrock Hospitality by 6.8% during the second quarter. Royce & Associates LP now owns 390,000 shares of the real estate investment trust’s stock worth $4,270,000 after acquiring an additional 25,000 shares during the period. BNP Paribas Arbitrage SA increased its position in Diamondrock Hospitality by 11.6% during the second quarter. BNP Paribas Arbitrage SA now owns 125,938 shares of the real estate investment trust’s stock worth $1,379,000 after acquiring an additional 13,102 shares during the period. IndexIQ Advisors LLC increased its position in Diamondrock Hospitality by 31.7% during the second quarter. IndexIQ Advisors LLC now owns 281,727 shares of the real estate investment trust’s stock worth $3,085,000 after acquiring an additional 67,816 shares during the period. Seizert Capital Partners LLC increased its position in Diamondrock Hospitality by 48.2% during the second quarter. Seizert Capital Partners LLC now owns 301,025 shares of the real estate investment trust’s stock worth $3,296,000 after acquiring an additional 97,911 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in Diamondrock Hospitality by 0.8% during the first quarter. Metropolitan Life Insurance Co. NY now owns 146,014 shares of the real estate investment trust’s stock worth $1,628,000 after acquiring an additional 1,130 shares during the period.

Diamondrock Hospitality Company Profile

DiamondRock Hospitality Company is a real estate investment trust (REIT). As of December 31, 2016, the Company owned a portfolio of 26 hotels and resorts that contains 9,472 guest rooms located in 17 different markets in North America and the United States Virgin Islands. Its business is to acquire, own, asset manage and renovate hotel properties in the United States.

Analyst Recommendations for Diamondrock Hospitality (NYSE:DRH)

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