Stifel Nicolaus Lowers DiamondRock Hospitality (NYSE:DRH) Price Target to $8.00

DiamondRock Hospitality (NYSE:DRH - Get Free Report) had its target price decreased by equities researchers at Stifel Nicolaus from $9.75 to $8.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the real estate investment trust's stock. Stifel Nicolaus' target price points to a potential upside of 14.86% from the company's current price.

Separately, Wells Fargo & Company reduced their price objective on shares of DiamondRock Hospitality from $10.50 to $9.50 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $9.60.

DiamondRock Hospitality Stock Up 2.1 %

NYSE DRH traded up $0.15 during trading on Wednesday, hitting $6.97. 2,020,989 shares of the company traded hands, compared to its average volume of 2,165,217. The company has a market capitalization of $1.45 billion, a P/E ratio of 24.88, a PEG ratio of 2.06 and a beta of 1.38. The business has a fifty day simple moving average of $7.80 and a 200 day simple moving average of $8.61. DiamondRock Hospitality has a 12 month low of $6.19 and a 12 month high of $10.00. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.66.

Hedge Funds Weigh In On DiamondRock Hospitality

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in DiamondRock Hospitality by 156.3% in the first quarter. Versant Capital Management Inc now owns 3,699 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 2,256 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of DiamondRock Hospitality in the 4th quarter valued at $34,000. State of Wyoming bought a new position in shares of DiamondRock Hospitality in the 4th quarter worth $54,000. FIL Ltd acquired a new stake in shares of DiamondRock Hospitality during the fourth quarter worth $60,000. Finally, Smartleaf Asset Management LLC lifted its stake in DiamondRock Hospitality by 278.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 9,769 shares of the real estate investment trust's stock valued at $89,000 after buying an additional 7,189 shares during the period.

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.