DiamondRock Hospitality (NYSE:DRH) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of DiamondRock Hospitality (NYSE:DRH – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of DiamondRock Hospitality from $12.00 to $11.00 in a research note on Wednesday, February 22nd. Morgan Stanley boosted their price objective on shares of DiamondRock Hospitality from $9.00 to $9.50 and gave the company an “equal weight” rating in a report on Tuesday, February 7th. Finally, Wells Fargo & Company boosted their price objective on shares of DiamondRock Hospitality from $10.00 to $10.50 and gave the company an “equal weight” rating in a report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.50.

DiamondRock Hospitality Trading Down 0.9 %

Shares of NYSE DRH opened at $8.16 on Thursday. The firm’s 50 day moving average price is $8.92 and its 200-day moving average price is $8.72. The company has a market cap of $1.71 billion, a PE ratio of 17.74 and a beta of 1.66. DiamondRock Hospitality has a 52-week low of $7.18 and a 52-week high of $11.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.70 and a current ratio of 1.70.

Institutional Trading of DiamondRock Hospitality

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Asset Management LLC purchased a new stake in DiamondRock Hospitality during the fourth quarter valued at approximately $39,000. Lazard Asset Management LLC increased its holdings in DiamondRock Hospitality by 148.1% during the third quarter. Lazard Asset Management LLC now owns 7,302 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 4,359 shares during the last quarter. Clear Street Markets LLC purchased a new stake in DiamondRock Hospitality during the fourth quarter valued at approximately $54,000. OLD Mission Capital LLC purchased a new stake in DiamondRock Hospitality during the third quarter valued at approximately $77,000. Finally, Mizuho Securities USA LLC purchased a new stake in DiamondRock Hospitality during the third quarter valued at approximately $83,000.

DiamondRock Hospitality Company Profile

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DiamondRock Hospitality Co is a real estate investment trust which focuses on lodging properties. It engages 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.