DiamondRock Hospitality (DRH) Stock Rating Upgraded by ValuEngine

DiamondRock Hospitality (NYSE:DRH) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded DiamondRock Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. KeyCorp downgraded DiamondRock Hospitality from a “sector weight” rating to an “underweight” rating and set a $8.00 target price for the company. in a report on Friday, January 25th. Goldman Sachs Group downgraded DiamondRock Hospitality from a “neutral” rating to a “sell” rating and set a $8.00 target price for the company. in a report on Thursday, January 10th. Raymond James downgraded DiamondRock Hospitality from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 8th. Finally, Morgan Stanley set a $8.00 target price on DiamondRock Hospitality and gave the stock a “sell” rating in a report on Thursday, December 20th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $10.33.

NYSE DRH traded down $0.04 during trading on Monday, hitting $10.65. The company’s stock had a trading volume of 2,716,195 shares, compared to its average volume of 2,881,912. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.48 and a current ratio of 2.48. The company has a market cap of $2.29 billion, a PE ratio of 10.91, a P/E/G ratio of 2.13 and a beta of 1.47. DiamondRock Hospitality has a fifty-two week low of $8.69 and a fifty-two week high of $12.99.

A number of hedge funds have recently made changes to their positions in DRH. Schroder Investment Management Group raised its position in DiamondRock Hospitality by 96.0% during the second quarter. Schroder Investment Management Group now owns 2,584,024 shares of the real estate investment trust’s stock valued at $31,266,000 after acquiring an additional 1,265,519 shares in the last quarter. United Services Automobile Association increased its position in shares of DiamondRock Hospitality by 17.7% in the second quarter. United Services Automobile Association now owns 701,529 shares of the real estate investment trust’s stock valued at $8,615,000 after buying an additional 105,536 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of DiamondRock Hospitality by 41.2% in the third quarter. State of Alaska Department of Revenue now owns 135,546 shares of the real estate investment trust’s stock valued at $1,580,000 after buying an additional 39,534 shares in the last quarter. Bank of Montreal Can increased its position in shares of DiamondRock Hospitality by 641.7% in the third quarter. Bank of Montreal Can now owns 37,925 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 32,812 shares in the last quarter. Finally, First Hawaiian Bank purchased a new stake in shares of DiamondRock Hospitality in the third quarter valued at approximately $171,000.

DiamondRock Hospitality Company Profile

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 30 premium quality hotels with over 9,900 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families such as Hilton and Marriott as well as unique boutique hotels in the lifestyle segment.

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Analyst Recommendations for DiamondRock Hospitality (NYSE:DRH)

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