DiamondRock Hospitality (NYSE:DRH) Given Consensus Rating of "Hold" by Analysts

Shares of DiamondRock Hospitality (NYSE:DRH - Get Free Report) have received an average rating of "Hold" from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.13.

A number of research analysts have issued reports on DRH shares. StockNews.com upgraded shares of DiamondRock Hospitality from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Truist Financial reduced their price objective on shares of DiamondRock Hospitality from $11.00 to $10.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. Compass Point upgraded shares of DiamondRock Hospitality from a "neutral" rating to a "buy" rating and set a $10.00 price target for the company in a report on Monday, August 5th. Wells Fargo & Company cut their price target on DiamondRock Hospitality from $9.50 to $9.00 and set an "equal weight" rating on the stock in a report on Friday, September 13th. Finally, Evercore ISI lowered DiamondRock Hospitality from an "outperform" rating to an "inline" rating and set a $10.50 price target on the stock. in a report on Friday, November 15th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Quarry LP grew its position in shares of DiamondRock Hospitality by 2,093.9% during the second quarter. Quarry LP now owns 3,949 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 3,769 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of DiamondRock Hospitality in the 2nd quarter worth approximately $42,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of DiamondRock Hospitality by 35.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,153 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 2,116 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in DiamondRock Hospitality during the third quarter worth $74,000. Finally, Choreo LLC bought a new stake in shares of DiamondRock Hospitality in the 2nd quarter worth about $89,000.

DiamondRock Hospitality Stock Performance

DRH stock traded up $0.08 during midday trading on Friday, reaching $9.28. 987,489 shares of the company were exchanged, compared to its average volume of 1,862,193. DiamondRock Hospitality has a one year low of $7.74 and a one year high of $9.99. The business has a 50-day moving average price of $8.97 and a two-hundred day moving average price of $8.58. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 5.36 and a beta of 1.60.

DiamondRock Hospitality Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, September 30th. DiamondRock Hospitality's payout ratio is 42.86%.

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 leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.