Shares of DiamondRock Hospitality (NYSE:DRH – Get Rating) have been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $10.75.
A number of brokerages have issued reports on DRH. StockNews.com began coverage on shares of DiamondRock Hospitality in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company downgraded shares of DiamondRock Hospitality from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $11.00 to $10.00 in a research report on Monday, August 29th. Citigroup upped their price target on shares of DiamondRock Hospitality to $10.00 in a research note on Monday, August 22nd. Compass Point dropped their price target on shares of DiamondRock Hospitality to $11.00 in a research note on Tuesday, November 15th. Finally, Evercore ISI upgraded shares of DiamondRock Hospitality from an “in-line” rating to an “outperform” rating in a research note on Tuesday, October 18th.
DiamondRock Hospitality Trading Down 2.3 %
NYSE:DRH opened at $8.96 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.29 and a quick ratio of 3.29. The firm has a 50-day moving average of $8.51 and a 200-day moving average of $8.95. The company has a market cap of $1.89 billion, a PE ratio of 24.89 and a beta of 1.64. DiamondRock Hospitality has a one year low of $7.18 and a one year high of $11.15.
Institutional Investors Weigh In On DiamondRock Hospitality
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 top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment.
- Get a free copy of the StockNews.com research report on DiamondRock Hospitality (DRH)
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