Diamondrock Hospitality (DRH) Raised to “Neutral” at Boenning Scattergood

Boenning Scattergood upgraded shares of Diamondrock Hospitality (NYSE:DRH) from an under perform rating to a neutral rating in a research note published on Friday morning, MarketBeat reports.

A number of other analysts have also recently weighed in on DRH. Stifel Nicolaus reissued a buy rating on shares of Diamondrock Hospitality in a research note on Thursday, August 10th. Zacks Investment Research cut shares of Diamondrock Hospitality from a buy rating to a hold rating in a research note on Thursday, August 10th. Robert W. Baird set a $12.00 target price on shares of Diamondrock Hospitality and gave the company a buy rating in a research note on Sunday, September 10th. KeyCorp reissued a hold rating on shares of Diamondrock Hospitality in a research note on Sunday, September 24th. Finally, TheStreet cut shares of Diamondrock Hospitality from a b rating to a c+ rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Diamondrock Hospitality has an average rating of Hold and an average price target of $12.00.

Diamondrock Hospitality (NYSE DRH) opened at $11.26 on Friday. Diamondrock Hospitality has a twelve month low of $10.43 and a twelve month high of $12.07. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2,255.44, a PE ratio of 11.37, a PEG ratio of 2.32 and a beta of 1.33.

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

A number of institutional investors have recently modified their holdings of the business. Amalgamated Bank grew its stake in Diamondrock Hospitality by 0.6% during the second quarter. Amalgamated Bank now owns 27,339 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 151 shares during the last quarter. World Asset Management Inc grew its stake in Diamondrock Hospitality by 2.2% during the second quarter. World Asset Management Inc now owns 13,047 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 282 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Diamondrock Hospitality by 0.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 54,800 shares of the real estate investment trust’s stock worth $600,000 after buying an additional 320 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Diamondrock Hospitality by 0.5% during the second quarter. PNC Financial Services Group Inc. now owns 132,999 shares of the real estate investment trust’s stock worth $1,456,000 after buying an additional 605 shares during the last quarter. Finally, GAM Holding AG grew its stake in Diamondrock Hospitality by 5.3% during the second quarter. GAM Holding AG now owns 17,012 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 862 shares during the last quarter.

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About Diamondrock Hospitality

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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