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
DiamondRock Hospitality Company Profile
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.
- Get a free copy of the StockNews.com research report on DiamondRock Hospitality (DRH)
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